Financing of Inwido
SEK has provided finance to Inwido, which is Europe’s largest supplier of windows and one of the leading suppliers of doors.
Inwido’s brand portfolio encompasses several well-known and local brands, including Elitfönster. The Group currently has a total of 29 production facilities in seven countries: Sweden, Denmark, Finland, Norway, Poland, the UK and Estonia. The head office is located in Malmö.
The Group has grown both organically and through acquisitions and has total sales of slightly more than Skr 6.4 billion and has about 4,400 employees. Around 73 percent of sales is to consumers, and the remainder is to industry. Inwido’s foremost markets are the Nordic countries, the UK, Ireland, Poland and Austria. The loan has been used to refinance parts of existing loans and to finance acquisitions.
SEK’s financing has contributed to broadening Inwido’s banking network.
Inwido actively promotes environmentally friendly products including energy-efficient windows and doors. Moreover, the company’s main raw material is wood, which is renewable and recyclable.
Amount: EUR 51.5 million
Maturity: Until 2022