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B&B TOOLS AB (STO:BERGB) B&B TOOLS has concluded an agreement to acquire 100 percent of the shares in Fag-Verktøy AS. Fag-Verktøy is one of the leading suppliers of tools, machinery, hoses, hydraulics and other industrial consumables to the industrial and construction sectors in Grimstad and the surrounding area. Fag-Verktøy has annual revenue of approximately MSEK 10 and seven employees.
"The acquisition of Fag-Verktøy will strengthen TOOLS' position in the industrial market in southern Norway," 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."
Closing is expected to occur in October 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, 26 September 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 industrial consumables, industrial components and related services. The Group currently has annual revenue of approximately SEK 10 billion and about 3,300 employees.
This information is disclosed in accordance with the Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act or demands stated in the regulations for issuers.
