"A step in our growth strategy."
Expand International, the manufacturer of portable marketing displays, has acquired the Winstand Group of companies, including Agman Group Hong Kong, Winstand of Sweden, and Winstand of America. The acquisition includes products, product-development projects, and intangible assets, such as design and technical patents.
"The acquisition is a step in our growth strategy," says Per-Anders Ekstrom, CEO of Expand International Group. "Winstand has a product philosophy that is similar to Expand's with focus on innovation, design, quality, and functionality. The new products and the product-development projects complement both our existing and future products. In addition, a talented group of people from Winstand will strengthen us within the design and product development area."
"The acquisition will benefit our dealer network by offering them further growth potential with new product offerings. A new customer base will also make Expand stronger and, as a consequence, a more attractive supplier," says Bjorn G. Sao, global sales and marketing director and CEO of Expand International of America.
Headquartered in Sweden, Expand also has sales companies in England, Germany, France, and the US; it has more than 2000 distributors worldwide.