Mekonomen acquires eight stores from Micro

Mekonomen acquires eight stores from Micro

Mekonomen has signed an agreement with Micro AB regarding the acquisition of
eight Micro stores in Sweden, in Borås, Eskilstuna, Gävle, Helsingborg, Malmö,
Löddeköpinge, Uddevalla and Uppsala.

The Mekonomen Group's revenues are expected to increase by approximately SEK 80
M per year and this will initially have a neutral impact on profit. Effective
2010, Mekonomen anticipates a positive earnings impact from these stores, partly
as a result of synergies in purchasing and logistics.

Mekonomen's brand and profiling will be gradually introduced at these stores
during the period prior to May 2009.

“Micro's decision to restructure its operations provides us with a unique
opportunity, through this acquisition, to rapidly increase our volume of
consumer sales in the Swedish market. The acquisition of these Micro stores
means that we are advancing our positions in areas with close proximity to the
consumer and that we are reaching new, younger customer groups,” says Håkan
Lundstedt, President and CEO of Mekonomen AB. 


“To increase the focus on partnerships and e-commerce, Micro has decided to
restructure its operations and reduce the number of stores. We regard Mekonomen
as an excellent alternative for customers and store employees,” says Kristina
Jarring, President of Micro Holding.


Mekonomen AB (publ), Corp. Reg. No. 556392-1971 
Box 6077, SE-141 06 Kungens Kurva. 
Telephone: +46 (0)8-464 00 00, Fax: +46 (0)8-464 00 66


For further information, please contact:
Håkan Lundstedt, President and CEO, Mekonomen, +46 (0)8-464 00 00
Gunnar Rantzow, Head of Sweden, +46 (0)8 - 464 00 00
Gunilla Spongh, CFO, +46 (0)8 - 464 00 00

Mekonomen wants to make CarLife simpler, through a broad and easily accessible
offering of inexpensive and innovative solutions and products for consumers and
companies.  Mekonomen is Scandinavia's leading automotive spare parts chain with
proprietary wholesale operations, approximately 200 stores and more than 1,000
workshops operating under the Mekonomen brand. 
www.mekonomen.se