11/20/2018 12:00 PM Ahlsell divests non-core subsidiary in machine tools, production equipment and machine services
Ahlsell Sverige AB has signed an agreement to divest the subsidiary Ahlsell Maskin AB, an engineering-industry distributor of machine tools, heavy production equipment and machine services.
The company became a part of Ahlsell through the acquisition of Tibnor Industrivaruhus in 2001 and is not considered to be an Ahlsell core business. The company has 26 employees and annual revenues of approximately MSEK 80. Ahlsell Maskin AB will be
acquired by Mekana AB, owners of Bromi Gruppen AB, which is a professional niche distributor of advanced machine tools.
The divestment is expected to be completed in the beginning of December and have only a minor impact on Ahlsell’s earnings.
For further information, please contact: Karin Larsson, Head of IR and external communications
+ 46 8 685 59 24, Karin.Larsson@ahlsell.se
Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of just over BSEK 30 and is listed on Nasdaq Stockholm. About 97% of revenue is generated in the three main markets of Sweden, Norway and Finland. With about 5,800 employees, more than 230 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional!
Press release, November 20, 2018