Bergman & Beving AB
B&B TOOLS acquires electromechanical service company
Momentum Industrial AB (“Momentum”), part of the B&B TOOLS Group, entered into an agreement today to acquire all shares in Carl A Nilsson AB (“CAN”). CAN is a comprehensive service company specialising in electromechanical services and sales for the industrial sector in southern Sweden. CAN generates annual revenue of approximately MSEK 20 and has 13 employees.
CAN offers electromechanical services and sales of related products (electric motors, gear boxes and pumps) in the region of Skåne in southern Sweden, with a workshop in Helsingborg.
“Carl A Nilsson is a well-established company with a high level of expertise and competitive offerings in electromechanical service in a highly attractive market,” says Ulf Lilius, President & CEO of B&B TOOLS. “Through the acquisition of Carl A Nilsson, we are now furthering strengthening Momentum’s offering in electromechanics by adding a successful business with good opportunities for further development.”
Closing is scheduled for 1 September 2015. The acquisition is expected to have a marginally positive effect on B&B TOOLS’ earnings per share during the current financial year.
Stockholm, 2 July 2015
B&B TOOLS AB (publ)
For further information, please contact:
Ulf Lilius, President and CEO, B&B TOOLS AB, tel: +46 10 454 77 00
Mats Karlqvist, Head of Investor Relations, B&B TOOLS AB, tel: +46 70 660 31 32
This information is such that it must be disclosed by B&B TOOLS in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act or requirements imposed in the Rulebook for Issuers on Nasdaq Stockholm. This information was submitted for publication on 2 July 2015 at 12:45 p.m.