Cederquist advises Nobia

Cederquist advises Nobia AB in their acquisition of Rixonway Kitchens

Nobia has on 8 December 2014 entered into an agreement with August Equity LLP and the management of Rixonway Kitchens, regarding the acquisition of 100 per cent of the shares of Rollfold Holdings Limited, the parent company of Rixonway Kitchens. The transaction has been completed and, accordingly, is not subject to any conditions.

Rixonway Kitchens, founded in 1978, supplies kitchens primarily to UK construction companies active in social housing. Rixonway Kitchens has net sales of approximately GBP 40 million and approximately 480 employees.

Nobia is listed on NASDAQ OMX Stockholm and develops and sells kitchen solutions through approximately twenty strong brands in Europe, including Magnet in the UK, Hygena in France, HTH, Norema, Sigdal, Invita and Marbodal in Scandinavia and Petra, Parma and A la Carte in Finland, ewe, Intuo and FM in Austria, as well as Poggenpohl globally.

Cederquist's team consisted of Maja Wettergren (M&A), Jonas Forsén (M&A) and Kristoffer Molin (competition law).