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Novedo acquires the roofing specialist Helsingborgs Byggplåt and Bra Tak Entreprenad Skåne with a combined turnover of approximately SEK 120 million

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Novedo Holding AB (publ), a niche industrial group within Industry, Infrastructure and Installation & Services, has today signed an agreement to acquire the roofing specialist Helsingborgs Byggplåt AB and the wholly owned subsidiary Bra Tak Entreprenad Skåne AB. The companies' combined turnover for 2022 amounted to approximately SEK 120 million. Closing is expected to take place in Q1 2023.

Novedo continues to grow the Group's portfolio of B2B companies with a sound corporate culture, developed niche positions and proven business models and has today signed an agreement to acquire the well-established company Helsingborgs Byggplåt and the wholly owned subsidiary Bra Tak Entreprenad Skåne AB. The main owner and seller is CEO Jimmy Wallberg who remains in his role after the sale and also becomes a shareholder in the Novedo Group.

Helsingborgs Byggplåt was founded in 2005 and has since grown to become a strong and well-established roofing specialist in southern Sweden. With its broad expertise in both sheet metal and roofing, the company offers its customers everything from smaller renovation work to complete renovation contracts. The customer base is primarily regional with a diversified business mix in the public sector and real estate companies. The business currently has about 40 employees in Helsingborg and Malmö and the companies' total turnover for 2022 amounted to approximately
SEK 120 million. (www.helsingborgsbyggplat.se)

"We look forward to Helsingsborgs Byggplåt and Bra Tak Entreprenad Skåne becoming part of Novedo's industrial group. I am impressed by the well-managed and competent business and solid customer base that CEO Jimmy Wallberg and the team have developed, says Per-Johan Dahlgren", President & CEO of Novedo.

"It is with great pleasure that we become part of Novedo. The advantages of being part of a strong group give us the best conditions to continue to develop Helsingborgs Byggplåt and take the next step in expanding the business and making us even stronger in our market. With Novedo's model, we will be able to run our business independently in the same spirit as before. The professionalism and seriousness throughout the process were crucial in our decision to sell to Novedo, says Jimmy Wallberg", CEO of Helsingborgs Byggplåt.

The companies are expected to be consolidated into the Novedo Group during Q1 2023 and will be part of Novedo's Installation & Services business segment.

For more information, please contact:
Per-Johan Dahlgren
President & CEO

per-johan.dahlgren@novedo.se
Mobile: +46 (0)705 97 06 44

This is information that Novedo Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the contact person's agency set out above at 08:45 CET on February 27, 2023.

About Novedo
Novedo is an industrial group of prominent B2B companies, with a sound corporate culture and a well-balanced mix of offerings as well as a solid and diversified customer base, in three segments – Industry, Infrastructure and Installation & services. The company has an active acquisition strategy and the target is to continue to grow with qualitative companies and through organic growth. The Group's net pro forma sales amounted to approximately SEK 2,400 million with an EBITA of approximately SEK 250 million at the end of 2022. For more information, www.novedo.se.