Ahlsell acquires work-protection wholesaler in the Värmland-region
Ahlsell Sverige AB has signed an agreement to acquire the operations of Gehås AB with annual sales of approximately MSEK 15.
Gehås sells work-protection clothes, profile products, stationery and office supplies in Värmland, Sweden, and has two stores; one in Arvika and one in Årjäng. The stores sell mostly well-known branded goods within workwear and clothing. The company is privately owned and has six employees. Customers are mainly corporates and municipalities.
"The acquisition of the Gehås operations will further strengthen our presence in Värmland within personal protective equipment and profile clothing. We see a good development within the product category and will be able to meet customer demand even better in the future.", says Johan Nilsson, President and CEO of Ahlsell AB.
The operations in Gehås will be integrated into the Ahlsell Group and the acquisition is expected to be closed in the beginning of December. The acquisition is expected to have a minor positive impact on the Group's earnings for 2018.
For further information please contact:
Karin Larsson, Head of Investor relations and external communications
+46 8 685 59 24, Karin.Larsson@ahlsell.se
Ahlsel AB (publ) is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of approximately SEK 27 billion and is listed on Nasdaq Stockholm. About 97 percent of the revenue is generated in the three main markets of Sweden, Norway and Finland. With over 5,000 employees, more than 200 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional.
Press release, November 15, 2017