Balco has completed the acquisition of TBO-Haglinds

On 15 November 2018, Balco Group AB announced the acquisition of all shares in TBO-Haglinds AB. The acquisition has now been completed and the purchase price amounts to SEK 120 million, of which SEK 20 million is a variable supplemental purchase price based on the company's future development and which will become payable in 2021.

TBO-Haglinds AB is one of the established companies on the Swedish renovation market for balcony construction projects. Through the acquisition, Balco is strengthening its product offering and customer offering to cover the entire market’s needs within the renovation segment.

TBO-Haglinds has sales of approximately SEK 130 million with an expected operating profit of SEK 15 million.

For more information regarding the acquisition see the press release on November 15, 2018.

For more information, please contact
Kenneth Lundahl, CEO, +46 70-630 20 57
Fredrik Hall, CFO, +46 70-392 77 30 
Cecilia Lannebo, Head of IR, +46 72-220 82 77, cecilia.lannebo@balco.se

Balco is a growth company offering high quality, innovative, patented and energy-saving balcony solutions. The company’s customised products contribute to enhanced quality of life, security and an increase in value for residents of multi-family residential properties. Through a decentralized and efficient sales process, Balco has control over the entire value chain – from production to delivery. The company, which was founded in Växjö in 1987 and which has over 300 employees, is a market leader in the Nordic region, and operates on several markets in northern Europe. Sales in 2017 amounted to SEK 989 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.