Nordic Business Report-April 25, 2006-Bergman & Beving AB acquires Norwegian reseller Hatec AS
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The Swedish industrial consumables and components provider Bergman & Beving AB announced on Tuesday (25 April) that it has agreed to acquire Norwegian industrial reseller Hatec AS.
The purchase price was not disclosed.
Hatec provides industrial consumables to the industrial sector and craftsmen, as well as public administration and the Norwegian armed forces. The company has 20 employees and revenues of approximately NOK45m.
The acquisition strengthens Bergman & Beving's position as a supplier to the Norwegian industry and public administration. After elimination of Bergman & Beving's current sales to Hatec the acquisition will increase the group's revenues by approximately NOK36m.
One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).
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