TOOLS Momentum, part of the B&B TOOLS Group, entered into an agreement today to
acquire all shares in Sjuntorp Industrisupport AB and its subsidiary Jodu
Lindareverkstad AB ("Sjuntorp"). Sjuntorp is a comprehensive service company
specialising in electromechanical services and sales for the industrial sector
and public administration in Trollhättan, Uddevalla, Örebro and Malmö and the
surrounding areas. Sjuntorp generates annual revenue of approximately MSEK 25
and has 16 employees.
Sjuntorp currently operates electromechanical works in Trollhättan and
Uddevalla. Sjuntorp will become part of the Rörick Group, which was acquired by
TOOLS Momentum in August 2008.
"The Rörick Group comprises well-established companies with a high level of
expertise and competitive offerings in electromechanical services in a highly
attractive market," says Stefan Wigren, President & CEO of B&B TOOLS. "Through
the acquisition of Sjuntorp, we are now further strengthening our offering by
adding a well-established and successful business with excellent potential for
further development of operations."
Closing will occur immediately. The acquisition is expected to have a marginally
positive effect on B&B TOOLS' earnings per share during the current financial
year.
Stockholm, 16 January 2012
B&B TOOLS AB (publ)
For further information, please contact:
Stefan Wigren, President & CEO, B&B TOOLS AB, telephone +46 10 454 77 00
Mats Karlqvist, Head of Investor Relations, B&B TOOLS AB, telephone
+46 70 660 31 32
B&B TOOLS provides the industrial and construction sectors in northern Europe
with industrial consumables, industrial components and related services. The
Group has annual revenue of approximately SEK 8.1 billion and approximately
2,900 employees.
This information is disclosed in accordance with the Swedish Securities Markets
Act, the Swedish Financial Instruments Trading Act or the regulations for
issuers on NASDAQ OMX Stockholm.
[HUG#1577886]
