June 28, 2007 -- Swedish industrial supplier B&B Tools AB (formerly Bergman & Beving) said on Thursday (28 June) that it has concluded an agreement to acquire 100% of the shares outstanding in Halmstad Svets & Verktyg AB (HSV). HSV is one of the leading resellers of products and services for cutting tools, welding and industrial consumables to industry in Halmstad and its surroundings.
The company has five employees and annual net revenues of approximately SEK20m per year. The acquisition is expected to have a marginally positive effect on B&B Tools' earnings per share during the current financial year. The acquisition price was not disclosed.
Source: Nordic Business Report
Source: Factiva
