Company / History / Acquisition of Wessen
Acquisition of Wessen
In 2005, Ahlström Capital acquired 51% of the Russian company Wessen. The company manufactured electrical accessories and had a revenue of 14.5 meur (2005).
We later increased our holding in Wessen to 70%. In 2007, Wessen’s revenue was 24 meur. The company doubled its net sales in the four years of Ahlström Capital’s ownership. Wessen was sold to the French company Schneider Electric.
We divested our investment in 2008.