*

Hitt og þetta 11. september 2006

Ahlsell AB acquires Estonian heating and plumbing equipment wholesale company AS FEB

Nordic Business Report-September 11, 2006-Ahlsell AB acquires Estonian heating and plumbing equipment wholesale company AS FEB
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish installation products, tools and machinery trading company Ahlsell AB said on Friday (8 September) that it has agreed to acquire Estonian heating and plumbing equipment wholesale company AS FEB for an undisclosed sum.

FEB is the Estonian market leader within heating & plumbing products, with outlets in Tallinn, Tartu, Narva, Parnu, Viljandi and Rakvere. The company has 120 employees and an annual turnover of approximately EUR25m.

"This acquisition gives Ahlsell an entry onto the Estonian heating & plumbing market where we are establishing ourselves as a market leader," said Goran Nasholm, President and CEO of Ahlsell.

"Apart from a strongly positioned and well-established company, we gain access to a fast-growing market in an interesting region where Ahlsell's wide product range can create new business opportunities," Nasholm added.

One euro (EUR) is worth approximately 0.67 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))

25 ára afmælistilboð VB – 50% afsláttur af áskrift

Afmælistilboð VB

Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.

Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is