Balco strengthens customer offering through acquisition of Stora Fasad AB
On February 10, Balco Group AB entered into an agreement on and completed the acquisition of all shares in the company Stora Fasad AB. Access has taken place today and the acquisition will be consolidated from 1 January 2021. The acquisition is expected to make a positive contribution to earnings per share as early as 2021.The purchase price, which was settled in cash, amounts to 20 MSEK, as well as a variable additional purchase price based on the company's future development in 2021–2023 and expires in 2024. Balco estimates that the additional purchase price may amount to approximately 10