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B&B TOOLS AB (STO:BERGB) B&B TOOLS has disposed of 100 percent of its shares in its subsidiary VS Maskin Sverige AB in Helsingborg. VS Maskin conducts sales and service of engineering machinery in the Swedish regions of Skåne, Småland, Mälardalen and southern Norrland. The company has revenue of approximately MSEK 80 and 23 employees.
B&B TOOLS' motive for the sale is that the machinery trading operations in VS Maskin are outside of the Group's core operations. The buyer is Bromi Maskin AB, which sells advanced tools machinery to industry. Under the new owner the business is expected to have the conditions for continued positive development.
Closing took place on 13 January 2009 in connection with the signing of a share transfer agreement. The disposal is expected to have only a marginal effect on B&B TOOLS' earnings per share during the current financial year.
Stockholm, 13 January 2009
B&B TOOLS AB (publ)
For further information, contact: Johan Falk, Executive Vice President, B&B TOOLS AB, telephone +46 8 660 10 30 Mats Karlqvist, Vice President - Investor Relations, B&B TOOLS AB, telephone +46 70 660 31 32
TOGETHER, WE MAKE INDUSTRY MORE EFFICIENT B&B TOOLS provides the industrial and construction sectors in northern Europe with industrial consumables, industrial components and related services. The Group currently has annual revenue of approximately SEK 10 billion and approximately 3,400 employees.
This information is disclosed in accordance with the Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act or demands stated in the regulations for issuers.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.