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B&B TOOLS AB (STO:BERGB) B&B TOOLS, through its subsidiary TOOLS Momentum AB, has acquired 100 percent of the shares in Rörick i Köping AB, including the subsidiaries Rörick Elektriska Verkstad AB, Sjödins Elmekaniska i Västerås AB and Elmotor i Eskilstuna AB ("the Rörick Group"). The Rörick Group is one of the leading providers of electromechanics services for the industrial sector in central Sweden. The Rörick Group has annual revenue of approximately MSEK 50 and 35 employees.
Since its formation in 1947, the Rörick Group has specialised in service, repairs and sales of electric motors, generators and transformers, etc. for the industrial sector. The Rörick Group currently has service workshops and sales offices in Köping, Västerås and Eskilstuna.
"The Rörick Group comprises well-established companies with a high level of expertise and excellent opportunities for further development of operations in a highly attractive market," says Johan Falk, Executive Vice President of B&B TOOLS. "By combining the Rörick Group's efficient service organisation with TOOLS Momentum's high level of expertise as a supplier of industrial components and TOOLS' broad geographic presence in the Nordic region, we will create the necessary conditions for developing new, competitive and comprehensive customer concepts. Thus, we will become an even stronger cooperation partner within MRO (Maintenance, Repair and Operations) for Nordic industry."
Closing occurred on 22 August 2008 concurrent with the signing of a share transfer agreement. The acquisition is expected to have marginally positive effect on B&B TOOLS' earnings per share during the current financial year.
Stockholm, 22 August 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 currently has annual revenue of approximately SEK 10 billion and approximately 3,300 employees.
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or requirements stipulated in the regulations for issuers.
