Momentum Group acquires industrial reseller TOOLS Løvold in Norway
TOOLS AS, a subsidiary in the Momentum Group, has today acquired all of the shares in TOOLS Løvold AS in Norway. The acquisition further strengthens TOOLS’ position as the leading supplier to Norwegian industry. TOOLS Løvold generates annual revenue of approximately MNOK 95 and has 28 employees. TOOLS Løvold has five local units in Bodø, Glomfjord, Mo i Rana, Mosjøen and Sandnessjøen, which offer tools, workwear, industrial consumables and related services to companies operating primarily in industry, food and infrastructure. TOOLS Løvold has been part of TOOLS since the chain was formed