B&B TOOLS acquires AAK Safety – and creates the leading fall protection specialist in the Nordic region

22.12.2016

B&B TOOLS
Corporate Action

B&B TOOLS acquires AAK Safety – and creates the leading fall protection
specialist in the Nordic region

Cresto AB, a subsidiary in the B&B TOOLS Group specialising in fall protection
for the industrial and construction sectors, entered into an agreement today to
acquire AAK Safety AS. AAK Safety is the leading fall protection specialist in
Norway, with annual revenue of approximately MSEK 70 and some 30 employees. 

AAK Safety is a niche company specialising in fall protection, with sales of
personal protective equipment, fixed fall protection systems and related
services to customers in such areas as the energy, telecom, offshore and rescue
industries in Norway. The company also conducts sales via construction and
industrial resellers. 

Cresto, the market-leading supplier of fall protection solutions to the
industrial and construction sectors in Sweden and Denmark, already has an
established partnership with AAK Safety concerning the companies’ proprietary
product brands. The acquisition now further strengthens and develops this
partnership, bringing Cresto and AAK Safety together to form the leading fall
protection specialist in the Nordic region, with combined annual revenue of
just over MSEK 150 and approximately 70 employees. 

“AAK Safety is a well-established company with a high level of expertise and
dedicated employees, good customer relationships and a strong position in an
attractive and growing market niche for fall protection in Norway,” says Pontus
Boman, Executive Vice President of B&B TOOLS. “The acquisition is in line with
our strategy for the Bergman & Beving operating segment, and as the leading
supplier of fall protection solutions in the Nordic region, we anticipate
excellent opportunities for further development and growth within both Cresto
and AAK Safety.” 

Closing is scheduled to take place in February 2017. The acquisition is
expected to have a marginally positive effect on B&B TOOLS’ earnings per share
during the current financial year. 



Stockholm, 22 December 2016

B&B TOOLS AB (publ)

For further information, please contact:
Pontus Boman, Executive Vice President, B&B TOOLS AB, Tel: +46 10 454 77 00

Mats Karlqvist, Head of Investor Relations, B&B TOOLS AB, Tel: +46 70 660 31 32



This information was submitted for publication on 22 December 2016 at 13.25
p.m. CET.