Bergman & Beving acquires industrial reseller in northern NorwayBergman & Beving has - via its subsidiary BBIH Nord Norge AS - concluded an agreement to acquire 100 percent of the shares outstanding in TOOLS Narvik Jernvare AS (Narvik Jernvare). Narvik Jernvare supplies industrial and construction companies, craftsmen and public administration in Narvik with tools and industrial consumables. Narvik Jernvare has net revenues of approximately MNOK 20 per annum and has 10 employees. Bergman & Beving owns 51 percent of BBIH Nord Norge, which includes the newly acquired industrial reseller businesses, Tromsø Industrivare AS in Tromsö and Byens Byggsenter AS in Kirkenes. With this acquisition Bergman & Beving and the TOOLS chain further strengthen their positions as suppliers to Norwegian industry. After elimination of the Bergman & Beving Group's current sales to Narvik Jernvare, the Group's consolidated net annual revenues are expected to increase by approximately MSEK 17. Closing is expected to take place in mid-February 2007 after approval has been obtained from the relevant authorities. The acquisition is expected to have a marginally positive effect on Bergman & Beving's earnings per share from the time of closing. Stockholm, 25 January 2007 BERGMAN & BEVING AB (publ) For further information, contact:Johan Falk, President, Bergman & Beving Integration AB, telephone +46-8-660 10 30Mats Karlqvist, Vice President - Investor Relations, Bergman & Beving AB, telephone +46-8-666 97 40Attachment: Bergman & Beving acquires industrial reseller in northern NorwayText version / Internet version / Print / Close
Bergman & Beving acquires industrial reseller in northern Norway
| Source: Bergman & Beving AB