FinnvedenBulten
Sector/industry
Metallic fasteners and automotive components
FinnvedenBulten is an international engineering group that
produces customer-specific components and systems primarily to the
international automotive industry. The FinnvedenBulten group
consists of two separate automotive businesses, Bulten, a
full-service provider of primarily metallic fasteners, and
Finnveden Metal Structures, a maker of primarily stamped and cast
automotive structures and assemblies. Through its two companies,
FinnvedenBulten operates on a global market but has its key
strength in Europe and the Nordic Region.
Nordic Capital Fund V purchased FinnvedenBulten through a public
offer launched in 2004. After the buy out from the stock exchange,
the Bufab business was separated from FinnvedenBulten to establish
two stand-alone entities with focus on each of the companies' core
business.
In 2007 the Powertrain division was divested to Italian
industrial buyer Gnutti, creating the world leading player within
its niche segments. Bulten has gone though a phase of strong growth
and expansion. Finnveden Metal Structures has expanded its scope
geographically, including the establishment of operations in
Poland, as well as into more complex multi material assemblies.
The company was IPO'd in May 2011. Nordic Capital Fund V
continues to own approximately 35%.
Management:
- Johan Westman, CEO
- Helena Wennerström, CFO
Board of Directors:
- Roger Holtback, Chairman
- Hans E Gustavsson
- Arne Karlsson
- Ulf Rosberg
- Adam Samuelsson
- Thure Andersen (employee representative)
- Tony Frunck (employee representative)
- Maria Knutsson (employee representative)
- Katarina Olsson (employee representative)
Key Information:
Revenues 2010*:
EUR 274 million
Employees:
1560
Ownership:
Nordic Capital Fund V
Date of investment:
2004
Head office:
Gothenburg, Sweden
* 2010 sales for companies still in portfolio; sales at exit for divested companies
