Momentum Group acquires Brammer's MRO business in Sweden, comprising eight local sales and service units
Momentum Industrial AB, a subsidiary in the Momentum Group, signed an agreement today to acquire Brammer's Swedish maintenance, repairs and operation (MRO) business, comprising eight local sales and service units across Sweden. The acquisition further strengthens Momentum Industrial's position as a leading supplier of industrial components and related services to Swedish industry. Together, the acquired units generate annual revenue of approximately MSEK 140 with healthy trade margins. The acquisition will be conducted as a conveyance of assets and liabilities. The acquired businesses