BE Group grows with acquisition in the Czech Republic
Press Release20 December 2007BE Group AB is strengthening its position in the Czech steel market with its first acquisition in Central Europe, of the privately owned company Czechprofile s. r. o. The planned merger of Czechprofile and BE Group’s Czech subsidiary is expected to yield business synergies and minor cost reductions.Czechprofile reported sales of about SEK 140 million and operating profit of SEK 2.9 million for the 2006 financial year. Ownership of the company will be transferred in January 2008. The acquisition is expected to have an immediate and favourable impact on BE