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B&B TOOLS AB B&B TOOLS has concluded an agreement to acquire 100 percent of the shares in Nillson & Luthman AB. Together with its subsidiary Södertälje Järnaffär AB, Nillson & Luthman is one of the largest suppliers of tools, personal protection equipment, steel, hoses, hydraulics and industrial consumables to the industrial and construction sectors in Södertälje and the surrounding area. Nillson & Luthman has annual revenue of approximately MSEK 105 and 35 employees.
"The acquisition of Nillson & Luthman will strengthen TOOLS' position in the industrial market in a highly interesting region," 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."
After elimination of the B&B TOOLS Group's current sales to Nillson & Luthman, the Group's annual net revenue is expected to increase by approximately MSEK 75. Closing is expected to occur at the beginning of September 2008 after approval is obtained from the appropriate authorities. The acquisition is expected to have a marginally positive effect on B&B TOOLS' earnings per share during the current financial year.
Stockholm, 12 June 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 tools, 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 Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.
