Beijer Alma’s subsidiary Beijer Tech entered into an agreement today to
acquire
75 percent of the shares in INUinvest AB, consisting of INUstyr
together with
its sister companies.
INUstyr is active in building automation
systems and offers energy efficient
solutions for public and private customers
in Sweden. The company focuses on
complete solutions for indoor environments
through system integration and
coordination, particularly in commercial and
specialized buildings. The
corporate group’s sales amount to approximately MSEK
110 with favorable
profitability.
Beijer Tech’s President, Staffan Johansson,
commented on the transaction: “The
acquisition of INUstyr represents an
important milestone for Beijer Tech.
INUstyr is a well-managed niche company
with a very strong market position. I’m
pleased that we were able to complete
this acquisition, which we view as an
exciting new area in Beijer Tech.”
After
the sale of the majority stake, the previous principal owners will remain
in
place as minority owners and in their operative roles to further
develop
operations. INUstyr’s CEO, Roger Svensson, commented on the
transaction: “For us
in the INU Group, this feels like a natural step in our
ongoing journey of
growth. We are convinced that in Beijer Tech, we have found
the right
strategical partner for the long-term ownership and development of
the company
alongside new and existing customers.”
Beijer Alma’s CEO, Henrik
Perbeck, commented on the transaction: “Beijer Tech is
continuing to pursue its
strategy of acquiring companies in attractive niches
and this acquisition
provides a platform for a new growth area.”
For further information, please
contact:
President and CEO of Beijer Alma, Henrik Perbeck, +46 18 15 71
60
President of Beijer Tech, Staffan Johansson, +46 70 564 70 29
This
information constitutes information that Beijer Alma AB is obliged to
make
public pursuant to the EU Market Abuse Regulation. The information was
submitted
for publication, through the agency of the contact persons set out
above, at
11:30 a.m. on July 3, 2020.
Beijer Alma AB (publ) is an
international industrial group that focuses on
component production and
industrial supplies. The Group includes Lesjöfors, one
of Europe’s largest
spring manufacturers, Habia Cable, one of Europe’s largest
manufacturers of
custom-designed cables and Beijer Tech, with strong positions
in industrial
supplies in the Nordic region. Beijer Alma is listed on NASDAQ OMX
Stockholm
Mid Cap.
Beijer Alma AB (publ)
Dragarbrunnsgatan 45, Box 1747, SE-751 47
Uppsala, Sweden. Telephone +46 18 15
71 60.
Registered office: Uppsala. Corp.
Reg. No: 556229-7480. www.beijeralma.se