DIAB
- New investment
- Location: Sweden
- Sector: Chemical Products
- www.diabgroup.com
First investment
3i acquired its investment in DIAB through the acquisition of Atle in April 2001 and has since supported the international expansion of DIAB.
Nature of business
DIAB is one of the world's largest manufacturers of structural core materials. The company's markets include marine, wind energy, transportations, aerospace and industry.
| Results to 31 December | 2006 (audited) SEKm |
|---|---|
| Sales | 1,205 |
| EBITDA | 298 |
| Net assets | 409 |
Current trading
DIAB's strong performance has been driven by improvements in operational efficiency, favourable market conditions and product innovation.
Developments since 3i invested
Growth in new products, expansion in customer base and geographical extension have all contributed to strong financial performance and an improved market positioning.
| 3i Group plc’s investment as at 31 March |
2007 £m |
2006 £m |
|---|---|---|
| Cost | ||
| Equity and loan | 44 | 90 |
| Directors’ valuation | ||
| Equity and loan | 77 | 35 |
| Equity interest | 48% | 48% |
| Income in the year | 0 | 1 |