The acquisition of Christiania Spigerverk approved

The acquisition of Christiania Spigerverk AS has been approved by the Norwegian authorities.

The acquisition of Christiania Spigerverk, which has 80 employees at operations in Norway and Sweden, strengthens the position of the Fastening business area in the Nordic market. The acquisition is expected to increase revenue about 40% for the business area.

Christiania Spigerverk manufactures and markets a complete assortment of fastening systems for the construction industry and do-it-yourself users. The Group reported sales of NOK 160 million, the majority of which in the Norwegian market, in 2006.