BILIA ACQUIRES WORKSHOP IN LERUM
An agreement has been reached with OD Bilteknik AB to acquire the company’s business and take possession at the end of 2011.
The business is located in Lerum, just north of Gothenburg. The seller has, together with Bilia, decided to build a new facility in Lerum. Bilia will take possession of the business when the new facility has been completed. Bilia will be a tenant in the new
facility. The number of employees is 11 and turnover for 2012 is estimated to amount to about SEK 16 M. The purchase consideration, operating assets less operating liabilities, amounts to about SEK 7 M. In a comment on the acquisition, Bilia’s Managing Director Jan Pettersson says: “The business is well run and has satisfied customers. We will be able to offer our customers access to a top-class workshop in Lerum, which will strengthen Bilia’s position and service offering in Gothenburg and environs.”
Gothenburg, 17 March 2011
Bilia AB (publ)
For further information, please contact Jan Pettersson, Managing Director and CEO, or Gunnar Blomkvist,
Chief Financial Officer, Bilia AB, tel. +46 31 709 55 00.
The above information is disclosed in accordance with the Securities Market Act and/or the Financial
Instruments Trading Act. The information was published on 17 March 2011 at 08:30 a.m.
