Byggmax Group close out earn-out agreement for Buildor and enables e-commerce synergies
Byggmax Group has agreed with the previous owners of Buildor AB (“Buildor”) to close out the remaining earn-out component. The earn-out for 2017 is agreed at MSEK 15, reflecting a continued solid performance for Buildor, and leads to a one-time income of MSEK 33.4 for the third quarter 2017. Reaching this agreement means Byggmax Group is able to already now leverage the Buildor team and capabilities for the benefit of the Byggmax Group’s total e-commerce business.Byggmax Group acquired Buildor in November 2015, for an upfront payment of MSEK 70 for a debt free company, and earn-out payments