Lindab’s divestment of Astron Building Systems has received anti-trust approval
In September, Lindab signed an agreement for the divestment of Business Area Building Systems, which is Lindab's division for steel buildings sold under the Astron brand. The buyer is the French construction company Groupe Briand. The acquisition is subject to anti-trust approval in Russia, which has now been obtained. The closing process has thus been initiated.In 2020, Astron's sales amounted to SEK 946 million, which corresponded to approximately 10 percent of Lindab's total sales. The adjusted operating margin was 5.9 percent. The business area employed 692 people at the end of 2020.