Schouw & Co. completes acquisition of majority stake in Spectre

Danish industrial conglomerate Schouw & Co. has completed the acquisition of a 75 percent majority stake in Spectre, a family-owned specialised business-to-business (B2B) manufacturer of premium functional outdoor and sportswear apparel. The closing follows the initial agreement announced on July 2, 2026, after all regulatory approvals were obtained and standard closing conditions were fulfilled.

The Klausen family retains the remaining 25 percent ownership interest in Spectre. The sportswear manufacturer will continue to operate under its existing management team.

Spectre will be consolidated into the financial statements of Schouw & Co. starting September 1, 2026. The transaction is projected to increase the group's consolidated revenue for 2026 by 300 million to 400 million Danish kroner (46.5 to 62 million dollars).

However, no material impact is expected on EBITDA for the year, as profits from ordinary activities will be offset by purchase price allocation and transaction-related expenses.

Following the acquisition, Schouw & Co. has raised its full-year 2026 revenue guidance to a range of 35.1 billion to 37.6 billion Danish kroner, up from the previously forecast 34.8 billion to 37.2 billion Danish kroner. Full-year EBITDA expectations remain unchanged between 3.15 billion and 3.35 billion Danish kroner.

Prior to purchase price allocations, Spectre projects a full-year 2026 revenue of approximately one billion Danish kroner and an EBITDA margin of 15 to 17 percent.