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B&B TOOLS AB (STO:BERGB) B&B TOOLS has concluded an agreement to acquire 100 percent of the shares in Ljungbergs Verktyg AB. Ljungbergs Verktyg conducts reseller operations of tools and industrial consumables to the industrial sector in Vetlanda and the surrounding area. The company is well-known for its specialist profile in the area of cutting tools. Ljungbergs Verktyg has annual revenue of approximately MSEK 10 and three employees.
"The acquisition of Ljungbergs Verktyg will strengthen TOOLS' position in the industrial market in Småland," says Johan Falk, Executive Vice President of B&B TOOLS. "It is a well-established company with a high level of expertise and excellent opportunities for further development of operations."
Closing is expected to occur at the beginning of November 2008. The acquisition is expected to have a marginally positive effect on B&B TOOLS' earnings per share during the current financial year.
Stockholm, 21 October 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 Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act or demands stated in the regulations for issuers.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
