Freudenberg to acquire Nilfisk for DKK3.8bn.

Freudenberg, a global technology group, offered to acquire Nilfisk, a provider of professional cleaning equipment and services, for DKK3.8bn. “Today, Nilfisk informs its shareholders of a planned all-cash offer of 140 DKK per share from Freudenberg. The offer is the outcome of a strategic review process initiated following an unsolicited approach to the company. The Board, with guidance from its external advisors, has conducted a careful and comprehensive evaluation. Freudenberg has consistently presented itself as a credible and strong prospective owner. Based on its overall assessment, including an independent fairness opinion, the Board intends to recommend that shareholders accept the offer. The Board considers the proposed transaction to offer attractive value and give Nilfisk a strong foundation for the future," Peter Nilsson, Nilfisk Chair of the Board of Directors.