Ahlsell AB has agreed with the owners of Ameronic Oy to acquire the company's operation. The company is a distributor of Tools & Machinery as well as other industrial products, focusing on the welding industry. Ameronic has a turnover of approximately SEK 50 million and about 20 employees.
Ameronic consists of five companies and is owned by Jukka Kivinen and Vesa Viitasaari. Its main customers are within the manufacturing sector and it has five outlets in south-west Finland, located within the Turku area and districts to the north.
"The acquisition strengthens Ahlsell's position as one of the leading players in the Tools & Machinery sector on the Finnish market. Our total turnover within the product range of Tools & Machinery on the Finnish market now exceeds SEK 400 million." says Göran Näsholm, President and CEO of Ahlsell.
Following the acquisition, Ahlsell will have access to new markets in Raisio, Rauma and Uusikaupunki. In Turku and Pori the establishments of Ahlsell and Ameronic will be co-ordinated.
Closing date is estimated to April 26th, 2007.
For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.
Ahlsell is the Nordic region's largest trading company within installation products and Tools & Machinery that offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Refrigeration and DIY (Do-it-yourself). The group has an annual turnover of about SEK 20 billion and some 4,500 employees.