9/26/2023 8:49 AM Ahlsell Denmark acquires industry specialist KJV A/S
Ahlsell Danmark has entered into an agreement to acquire all shares in KJV A/S.
KJV was founded in 1956 and employs 110 people in seven locations in Denmark, including administrative headquarters and a central warehouse in Odense. In the last financial year 2021/22, the turnover amounted to DKK 280 million.
KJV is one of Denmark’s leading suppliers of cutting tools, transmissions, tools, technical products, machine tools and automation solutions to companies in the iron and machine industry in particular. They offer more than 65,000 products with daily deliveries to mainly small and medium-sized companies.
The business will become part of Ahlsell Denmark, which consists of Sanistål, Ahlsell REF and VVS-Trading, but continues to operate under existing brand and with the existing management team.
KJV’s many years of experience and unique technical expertise will contribute to Ahlsell Denmark’s expansion its core business within the industrial segment.
The acquisition is expected to be completed in 2023 after obtaining approval from the Danish Competition Authority.
For more information please contact:
Claes Seldeby, Group CEO, Ahlsell AB
Tel. +46-8-685 70 00, email: firstname.lastname@example.org
Ahlsell is the leading Nordic distributor of installation products, tools and supplies addressing installers, contractors, facility managers, industry, energy companies and the public sector.
With an annual turnover of approximately 50 billion SEK, almost 8, 000 employees, more than 300 stores, e-commerce and four central warehouses, we deliver on our promise to our customers, every day: Ahlsell makes it easier to be professional.
Read more on www.ahlsell.com