Nilfisk Board recommends shareholders accept takeover offer from Freudenberg

Core Viewpoint - The Board of Directors of Nilfisk recommends shareholders accept the all-cash takeover offer from Freudenberg, citing an attractive offer price and strategic rationale for the transaction [1][2][3]. Offer Details - The offer price is DKK 140 per share, valuing Nilfisk at approximately DKK 3.8 billion, representing a premium of 35.9% over the closing price of DKK 103 on 10 December 2025 [2][7]. - The offer is fully financed and has support from shareholders representing 50.9% of Nilfisk's shares, enhancing the likelihood of completion [2][11]. Strategic Rationale - The Board believes the offer reflects a strong strategic and cultural fit between Nilfisk and Freudenberg, which could reinforce Nilfisk's position as a global leader [3][5]. - A competitive process was conducted to evaluate Nilfisk's strategic options, leading to the conclusion that Freudenberg's offer is the most attractive outcome for shareholders [3][4]. Employee and Operational Considerations - Freudenberg has committed to employee continuity and intends to further develop Nilfisk, which the Board views positively [5][6]. - The Board acknowledges that while Nilfisk can operate successfully as a standalone company, the proposed ownership change may yield strategic benefits [5]. Offer Timeline - The offer period is set to expire on 18 February 2026 at 23:59 CET, unless extended, and shareholders are encouraged to review the offer's terms before making a decision [6][11].