New Ownership at Hasselblad
Gothenburg, Sweden
Hasselblad has been bought by a new Swedish company owned by a group consisting of UBS Capital B.V. (Holland), CINVen (UK) and the management of Hasselblad. Enclosed please find the information from Incentive AB (former owner).
"I am most satisfied with this solution for the future of Hasselblad", says Staffan Junel, CEO at Victor Hasselblad AB. "Our independence will remain and we will be able to continue our positive development. Hasselblad will retain its principal business focus and our operations will remain in Göteborg."
CEO and president for Victor Hasselblad AB since 1993
During 1995 the Hasselblad sales increased by 12% to around 680 MSEK (100 MUSD), with an operating margin of around 10%. Over 95% of the production is exported to customers in some 80 countries.
The increasing sales are mainly due to successful introductions of new products like the focal plane shutter cameras 201F, 203FE and 205FCC. Other new products contributing to the increase are the 90 degree prism viewfinder and the special product FlexBody.
Conventional cameras and electronic imaging products will also in the future be the dominant products for the group.
Source: www.hasselblad.se
