The Board of Directors, Nilfisk’s executive management team and major shareholders (KIRKBI Invest A/S, Ferd AS and PrimeStone Capital LLP), representing 50,9% of the share capital in Nilfisk have irrevocably committed to accepting the offer subject to certain conditions. The offer price is 140 DKK per share, which reflects a 35,9% premium to the closing share price on the day prior to the announcement.

The Board of Nilfisk has unanimously decided that it intends to recommend that the shareholders accept the offer when made, a recommendation that is supported by an independent fairness opinion.

Peter Nilsson, Nilfisk’s Chair of the Board of Directors, “Today, Nilfisk informs its shareholders of a planned all-cash offer of 140 DKK per share from Freudenberg. The offer is the outcome of a strategic review process initiated following an unsolicited approach to the company. The Board, with guidance from its external advisors, has conducted a careful and comprehensive evaluation. Freudenberg has consistently presented itself as a credible and strong prospective owner. Based on its overall assessment, including an independent fairness opinion, the Board intends to recommend that shareholders accept the offer. The Board considers the proposed transaction to offer attractive value and give Nilfisk a strong foundation for the future”.

The intended offer marks the conclusion of an extensive and methodical, sales process initiated about a year ago. To ensure a fully transparent process, the Board engaged an external advisor to evaluate both a standalone plan and potential alternative ownership scenarios. The board has explored multiple paths to find the best way forward for Nilfisk and the shareholders, and every indication of interest was examined in detail with regard to valuation, transaction certainty, financing, and reputability.

Morten Borge, CEO at Ferd AS, “Nilfisk has a strong industrial heritage, and we have been a committed shareholder since its IPO in 2017. We have now chosen to accept the offer. We consider the offer compelling and strategically well-founded, and we believe that the company will benefit from a private ownership structure. Freudenberg is a long-term industrial owner with the ability and commitment to continue developing the company for the benefit of all stakeholders, including customers and employees.”

A KIRKBI spokesperson said: “We are pleased to confirm our full support for the offer, which we believe provides a good opportunity for the company to continue its development under new ownership, and we would like to acknowledge the Board for overseeing a constructive and well-managed process.”

Franck Falezan, PrimeStone’s co-founder and Managing Partner: “We are pleased to support the offer, which we consider financially attractive and beneficial for the company’s continued development. As shareholders, we believe the company will thrive under a private ownership structure. Freudenberg brings the long-term perspective, commitment and resources needed to strengthen the business for the benefit of customers, employees and business partners.”

A good home for Nilfisk
Nilfisk, nearing its 120th anniversary, has maintained strong standards and operational stability while navigating in an increasingly complex and changing business environment. The company’s strategy today continues to focus on a more decentralized operating model, enhanced commercial capabilities, and strengthened customer orientation.

Freudenberg is a German family-owned industrial group with a 175-year legacy, a global presence in more than 35 countries, and considerable industrial experience in adjacent sectors. The Board sees Freudenberg as a committed and capable long-term owner for Nilfisk.

The Board considers Freudenberg a well-suited future owner and home for Nilfisk where the company will join Freudenberg’s portfolio of companies, while benefiting from Freudenberg’s scale, network, and long-term ownership horizon to support the strategy and business plan.

More information:
This is a press release and not a company announcement. More information about the offer and the transaction, including Nilfisk’s company announcement, as well as any future information, can be found here: https://investor.nilfisk.com

Facts about the offer:

• The offer price is DKK 140 in cash for each share in Nilfisk (the Offer Price), valuing all outstanding shares of Nilfisk at approximately DKK 3,798 million.
• The Offer Price of DKK 140 per share represents:
  • a premium of 35.9% compared to the closing price of DKK 103 on Nasdaq Copenhagen on 10 December 2025.
  • a premium of 39.8% compared to the one-month volume-weighted average share price of DKK 100.11 for the period ending 10 December 2025
  • a premium of 30.1% compared to the three-month volume-weighted average share price of DKK 107.60 for the period ending 10 December 2025
  • a premium of 35.9% compared to the six-month volume-weighted average share price of DKK 103.05 for the period ending 10 December 2025
  • a premium of 42.3% compared to the twelve-month volume-weighted average share price of DKK 98.38 for the period ending 10 December 2025
    (Source: Factset)
• Nilfisk’s Board of Directors has unanimously decided that it intends to recommend that the shareholders accept the offer when made. In forming its view, the Board has considered, among other factors, the broad sales process, the attractive price compared to various historical share prices as set out above, and the independent fairness opinion. The Board will issue its formal statement on the offer after the offer document is published.
• The major shareholders, KIRKBI Invest A/S, Ferd AS and PrimeStone Capital LLP, as well as the Board of Directors and Executive Management who hold shares, have irrevocably undertaken to tender all of their shares to Freudenberg.
• The Offer will be subject to customary conditions, including a minimum acceptance threshold of +90% of all shares (excluding treasury shares).
• Freudenberg expects completion of the offer, including payment of the consideration to the selling shareholders, in the first half of 2026, subject to the receipt of all regulatory approvals and clearances.

Press contact
Nynne Jespersen Lee

Head of Investor Relations & Group Communications

[email protected]

About Nilfisk
Nilfisk was founded in 1906 by the Danish engineer P.A. Fisker. Today, the company is a world-leading global provider of professional cleaning equipment and services. More than 90% of sales are to professional customers, while the remaining part of the business is aimed at consumers. Nilfisk’s products and services are sold in more than 100 countries and produced at 6 manufacturing sites across the globe. The company has approximately 4,500 employees and generated revenue of 1,027.9 mEUR in 2024. The largest single market is the US (28% of revenue), followed by Germany (14%), France (10%), Denmark (7%), and the UK (4%).