Newsletter

15 May 2002

Eden Springs has acquired 55% of Finnish HOD market leader Blue Nature Oy.

Blue Nature was formed through the merger of the 2 leading HOD companies in Finland and holds a strong position on the Finnish HOD market share. In late 2001 the company also started operating in the Berlin market.

The Finnish market shows the fastest growth rates in the Nordic markets and enjoys high revenues due to a strong economy and quality construction of the market in terms of service and pricing. The estimated amount of coolers on the market is around 12'000 with a 35% annual growth rates.

With this market entry and acquisition Eden Springs consolidates its leadership position in the Nordic markets as well as gains additional talented management. We view Finland as a strong growth market and as a very profitable market.