The acquisition of ViaCon VA approved by the Swedish Competition Authority
In June The Ahlsell Group entered into an agreement to acquire the water and Sewer business ViaCon VA. The Swedish Competition Authority has now approved the acquisition. Closing is expected to the beginning of November.
As communicated on June 22 Ahlsell entered an agreement to acquire a Swedish Water & Sewer business, ViaCon VA, with annual sales of approximately SEK 320 million. The agreement is structured as a transfer of assets including inventories, equipment and immaterial property related to the Water & Sewer operations and the distribution of products such as pipes, pumps, dwells, manholes, valves and fittings. The deal also includes a distribution agreement of ViaCon’s geotechnical products for use in small and medium-sized construction projects in Sweden and Norway.
The acquisition is expected to have a marginal positive impact on Ahlsell's earnings per share for 2017.
Stockholm 2017-09-29
For further information please contact:
Johan Nilsson, President and CEO
+46 8 685 70 00, Johan.Nilsson@ahlsell.se
Karin Larsson, Head of Investor relations and external communications
+46 8 685 59 24, Karin.Larsson@ahlsell.se
Ahlsell AB, listed on Nasdaq Stockholm, is the leading Nordic distributor of installation products, tools and supplies addressing installers, contractors, facility managers, industry, energy and infrastructure companies and the public sector. Our unique offering includes over a million individual products and solutions. The Group has an annual turnover of about SEK 26 billion with approximately 97 percent of its net sales in Sweden, Norway and Finland. With approximately 5 000 skilled employees, over 200 stores and three central warehouses, we are committed to our customer promise: Ahlsell makes it easier to be professional.
This information is information that Ahlsell AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:00 am CEST on September 29, 2017.
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