Bure sells holding in Energo
Bure has today concluded an agreement to sell its shares in the consulting engineering firm Energo to ÅF. The transaction is conditional on approval by the Swedish Competition Authority.
Bure sells its holding of 94.5 per cent of the shares of Energo to ÅF AB for the preliminary amount of SEK 230m. Admission is expected to take place as soon as the Swedish Competition Authority has approved the deal, expected within 25 days. The preliminary exit gain in the parent company amounts to SEK 125m.
"We are very proud of the developments Energo shown during the time that Bure was the principal owner and we are pleased with ÅF as buyers," says Mr. Tigerschiöld, CEO of Bure
Bure's investment in the installation consulting firm Retea was made in 2001 and the merger with Energo took place in 2006. The group was later supplemented with operations in southern Sweden through the acquisition of CLC in 2008. Energo currently has around 270 employees, mainly in three offices in Stockholm, Malmö and Helsingborg. The company provides engineering consultancy in the fields of Energy & Electric power, Building service systems and ICT (Information & Communication Technology).
Bure Equity AB (publ)
For additional information, please contact:
Tel. 08 – 614 00 20
Andreas Berglin, CFO
Tel. 08- 614 00 20
Bure is a listed investment company with ownership interest in Nordic companies. The portfolio consists of 15 portfolio companies, of which three are listed holdings.
The information contained herein is subject to the disclosure requirements of Bure Equity AB under the Swedish Securities Market Act. This information has been publicly communicated on November 25th, 2010, at 09:30 CET.