B&B TOOLS Acquires Industrial Reseller In Southern Norway

STOCKHOLM, Sweden, Jan 23, 2008 - (ABN Newswire) - B&B TOOLS has concluded an agreement to acquire 100 percent of the shares in TOOLS Kristiansand AS. TOOLS Kristiansand is one of the leading suppliers of tools, personal protection equipment, fastening elements and other industrial consumables to the offshore and engineering industry in southern Norway. TOOLS Kristiansand has annual revenue of approximately MSEK 65 and 13 employees.

"TOOLS Kristiansand is a well-established company with a strong position in the industrial market in southern Norway," says Johan Falk, Executive Vice President of B&B TOOLS. "In recent years, we have carried out several acquisitions in Norway and TOOLS is today the leading industrial reseller chain in the Norwegian market."

After elimination of the B&B TOOLS Group's current sales to TOOLS Kristiansand, the Group's annual revenue is expected to increase by approximately MSEK 50. Closing is expected to occur in February 2008 after approval is obtained from the appropriate authorities. The acquisition is expected to have a marginally positive effect on B&B TOOLS' earnings per share during the current financial year.

Stockholm, 23 January 2008

B&B TOOLS AB (publ)

For further information, contact: Johan Falk, Executive Vice President, B&B TOOLS AB, telephone +46 8 660 10 30 Mats Karlqvist, Vice President - 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 more than SEK 9 billion and approximately 3,200 employees.

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.



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B&B TOOLS AB

http://www.bb.se
ISIN: SE0000101362

Stock Identifier: XOME.BBTO.B