B&B TOOLS acquires electromechanical service company
(Thomson Reuters ONE) -
Rörick Elektriska Verkstad AB, a subsidiary of the B&B TOOLS Group specialising
in electromechanical service, entered into an agreement today to acquire all
shares in Arboga Machine Tool AB ("AMT"). With workshops in Arboga, Sweden, AMT
is a service company offering sales and repairs of ball screws and machine
guarding systems as well as spindle repairs. AMT generates annual revenue of
approximately MSEK 10 with favourable profitability and has five employees.
"Arboga Machine Tool is a well-established company with a high level of
specialist expertise that complements and strengthens Rörick's offering in
electromechanical service," says Ulf Lilius, President & CEO of B&B TOOLS. "The
acquisition is in line with the strategy of our Momentum Group operating segment
and we anticipate good opportunities for further development."
Closing is scheduled for 1 March 2017. The acquisition is expected to have a
marginally positive effect on B&B TOOLS' earnings per share during the current
financial year.
Stockholm, 28 February 2017
B&B TOOLS AB (publ)
For further information, please contact:
Ulf Lilius, President & 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 was submitted for publication on 28 February 2017 at 12.15 p.m.
170228 BB TOOLS PR Förvärv av AMT En:
http://hugin.info/172011/R/2082828/784978.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: B&B TOOLS via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 28.02.2017 - 12:15 Uhr
Sprache: Deutsch
News-ID 527507
Anzahl Zeichen: 1993
contact information:
Town:
Stockholm
Kategorie:
Business News
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