Hitt og þetta 25. ágúst 2006

Bergman & Beving AB acquires industrial reseller Jarncarl AB

Nordic Business Report-August 25, 2006-Bergman & Beving AB acquires industrial reseller Jarncarl AB
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish industrial tools, consumables and components provider Bergman & Beving AB said on Thursday (24 August) that it has agreed to acquire 91% of the share capital of industrial reseller Jarncarl AB.

Jarncarl has 12 employees and annual revenues of approximately SEK55m. After elimination of Bergman & Beving's current sales to Jarncarl, the acquisition is expected to increase the group revenues by some SEK40m per year.

The financial details of the acquisition were not disclosed.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

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