Balco Group’s subsidiary TBO Haglinds has completed the acquisition of Arutex AB

Växjö January 2, 2023

On November 30, 2022, Balco Group AB announced that its subsidiary TBO Haglinds AB had entered into an agreement to acquire all shares in the company Arutex AB. The acquisition has now been completed.

Arutex AB has been one of TBO's largest partners for several years, carrying out the assembly of balconies and glazing. The purpose of the purchase is to secure the availability of fitters as TBO grows. TBO intends to increase the workforce in Arutex, which will be operated as a subsidiary of TBO.

For more information, please contact:

Pär Haglind, Managing Director TBO Haglinds AB, +46 70-607 46 43, par@tbo.se 
Camilla Ekdahl, acting CEO Balco Group, +46 70-606 30 32, camilla.ekdahl@balco.se
Michael Grindborn, CFO and Head of IR Balco Group, +46 70-670 18 18, michael.grindborn@balco.se

Balco is a balcony company with façade competence offering high quality, innovative, patented and energy-saving balcony solutions. The company’s customised products contribute to enhanced quality of life, security and an increase in value for residents of multi-family residential properties. Through a decentralized and efficient sales process, Balco has control over the entire value chain – from production to delivery. The company, which was founded in Växjö in 1987 and which has appr. 500 employees, is a market leader in Scandinavia, and operates on several markets in northern Europe. Sales in 2021 amounted to SEK 1,120 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.