Balco has completed the acquisition of RK Teknik

On 8 April 2021, Balco Group AB announced that it had entered into an agreement to acquire all shares in the company RK Teknik AB and its subsidiaries. The acquisition has now been completed.

RK Teknik offers balconies for extensions, remodelings and new constructions, contracting and assembly operations as well as thereto related services and undertakings for the Swedish market. The company's products, which strengthen and complement Balco Group's product range and customer offering, will be launched on all markets in which the group operates. In addition, the acquisition means that Citybalkonger will now be introduced on the Swedish market, a product segment that has so far only been sold in Denmark. The sellers Johan Karlsson and Kristian Karlsson remains as CEO and construction manager, respectively.

For more information, please contact:

Kenneth Lundahl, President and CEO, +46 70-630 20 57, kenneth.lundahl@balco.se
Michael Grindborn, CFO and head of IR, +46 70-670 18 18, michael.grindborn@balco.se

Balco is a growth company 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 over 400 employees, is a market leader in the Nordic region, and operates on several markets in northern Europe. Sales in 2020 amounted to SEK 1,200 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.