Latour acquires Precision Bolting Ltd and Condor Machinery Ltd.
Investment AB Latour (publ) has, through its wholly owned subsidiary Nord-Lock Group, acquired Precision Bolting Ltd (PBL) and Condor Machinery Ltd (Condor). PBL and Condor are based in Edmonton, Canada, have 28 employees and a total revenue of around CAD 7 m. PBL is a Nord-Lock Group distributor in Northwestern Canada and Condor is a niche manufacturer of specialized metal components – a combination which adds great value for the customers served. The companies will strengthen Nord Lock Group’s position in Canada and contribute to the Group’s global offer within the mining segment in