GARO acquires Emedius AB
GARO Montage AB, a company in the Garo Group, has acquired Emedius AB on February 28, 2017. Emedius markets and manufactures consumer units, distribution boards as well as switchgear under its own brand. In 2016, company sales amounted to MSEK 71.5 with an EBIT of MSEK 6.3. Emedius employs 36 people and is based in Gnosjö. The purchase price amounts to MSEK 31. Operations are run in rented premises, which have been transferred to Garo AB, in conjunction with the acquisition at a purchase price of MSEK 9.5. Stefan Jonsson, President and CEO of Garo states: “We believe that demand