GARO to acquire WEB-EL Försäljning AB
GARO has acquired WEB-EL Försäljning AB (“WEB-EL”) on 27 October 2017. WEB-EL develops and sells systems and electronic components for controlling sockets for charging stations, engine heaters, camp sites and marinas. WEB-EL’s sales in the fiscal year from 1 July 2016 – 30 June 2017 amounted to MSEK 7.5 with an EBIT of MSEK 3.0. The company’s operations started in 2004 in Luleå, Sweden, and the company’s founders will remain in the business following the takeover. The purchase consideration is MSEK 17.7 on a debt-free basis, including an amount of a maximum of MSEK 2.9 which is paid