B&B TOOLS acquires Astrup Industrivarer – one of Norway’s leading industrial resellers

13.10.2016

B&B TOOLS
Corporate Action

B&B TOOLS acquires Astrup Industrivarer – one of Norway’s leading industrial
resellers

TOOLS AS (part of the B&B TOOLS Group) entered into an agreement today to
acquire all of the shares in Astrup Industrivarer AS in Norway. The acquisition
is part of the Group’s efforts to further strengthen TOOLS’ position as a
leading supplier to Norwegian industry. Astrup Industrivarer generates annual
revenue of approximately MNOK 240 and has some 50 employees. 

Astrup Industrivarer is an industrial reseller operating in western Norway,
with five branches located in Bergen, Mongstad, Odda, Sotra and Ulsteinvik. The
company offers industrial components, industrial consumables and related
services for companies operating primarily in the maritime industry and energy
area (such as oil and gas, hydro and wind power, and other forms of renewable
energy). Astrup Industrivarer has been part of TOOLS since the chain was formed
in 1999. 

“Astrup Industrivarer is a well-established company with strong customer
relationships in several key industrial locations and one of Norway’s foremost
suppliers of industrial consumables,” says Ulf Lilius, President & CEO of B&B
TOOLS. “Through this acquisition, we are now further strengthening our leading
position in this market.” 

Closing is scheduled to take place in November 2016, pending approval by the
relevant authorities. The acquisition is expected to have a marginally positive
effect on B&B TOOLS’ earnings per share during the current financial year. 



Stockholm, 13 October 2016

B&B TOOLS AB (publ)

For further information, please contact:
Ulf Lilius, President and CEO, 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 13 October 2016 at 13:30 p.m.