Altor has agreed to acquire IMBOX Protection A/S (“IMBOX”) for an undisclosed consideration from previous majority shareholder, the Grundtvig family. Under Altor ownership, IMBOX will solidify their global leadership position and accelerate the global roll-out.
About IMBOX
IMBOX is a global market leader in automated footwear protection with a compelling value proposition towards end-customers with emphasis on quality and convenience at attractive prices. The services are performed by a standalone and patented machine, the IMBOX, through a large retailer network with close to 10,000 IMBOXs currently operating across Europe, the US as well as selected Asian countries. During the last 3 years IMBOX has experienced significant growth and successfully entered the US market following the launch of their new product, the IMBOX flagship, based on a proprietary water-based footwear treatment fluid enabling a fully organic protection.
About Altor
Based in Sweden and with five offices in the Nordics and DACH, Altor employs an investment strategy rooted in entrepreneurship and based on identifying and realizing sustainable performance improvements in situations with multiple value levers. To date, Altor has invested in close to 100 companies as well as more than 300 add-on acquisitions, and raised a total of more than EUR 12bn across seven funds from leading European and US institutional investors.