Gothenburg, Sweden, 2015-11-25 12:25 CET (GLOBE NEWSWIRE) --
Bilia has today concluded an agreement to acquire Hedbergs Bilskrot AB and Bastborren Fastighets AB in Västerås. The date of possession is planned at the end of January 2016, but with economic impact as from year-end.
The acquisition will increase Bilia’s net loan debt and capital employed with about SEK 26 M.
The annual turnover is about SEK 28 M and the operating margin for last financial year was 11 per cent. The business has 16 employees. The managing director and part owner at present will remain in the comapny and run the business.
Bilia’s Managing Director Per Avander comments:
”It is exciting to take a first step into a new market, where we hope to grow and find synergies with existing business. Furhter, this acquisition is well in line with Bilia’s sustainability strategy.”
Gothenburg, 25 November 2015
Bilia AB (publ)
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, Bilia AB, tel. +46 31 709 55 00.