A&O Johansen & Danish Plumbing Wholesale Distribution
Former Executive at AO Johansen
inpractise.com/articles/aando-johansen-and-danish-plumbing-wholesale-distribution
Former Executive at AO Johansen
The executive has over 30 years experience in the construction and wholesale industry and spent over 3 years working closely with the CEO to scale AO post-GFC.
Interview Transcript
This is a snippet of the transcript, sign up to read more.
That was one of my questions, why haven't they acquired more businesses? I suppose spending 600 million krone is one reason. Why haven’t they made more acquisitions?
That's not on his agenda. He's likely content with where he is today. The business is a manageable size. He spends most of his time in Florida, overseeing the business. He doesn't want to add any complexity or risk. It's a good cash cow for him. Looking back, he was probably fortunate that the antitrust authorities rejected the deal with LMG. Considering what he earns annually now, just from his salary and such, it would have been a waste. He has a son, Mads, and he's probably still hoping that one day he will be mature enough to lead the company.
This is a snippet of the transcript, sign up to read more.
Copyright Notice
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2024 IP 1 Ltd. All rights reserved.