Bergman & Beving ab, a business segment within B&B TOOLS group, has today acquired all the shares in the Arbesko Group AB Arbesko is one of the strongest Nordic brands for safety and work shoes with its own product development and manufacturing in Sweden. Arbesko Group has a turnover of approximately SEK 200 million per year with approximately 120 employees.
Arbesko is a successful family business with its own research, development and manufacturing of protective and work shoes for professional users. The company was founded in 1839 and Arbesko is since many years the leading brand in the Nordic countries and is also established in several european markets. The sale takes place in close cooperation with several of scandinavia’s leading construction and industriåterförsäljare.
Shoes from Arbesko are designed to meet the professional users ‘ high demands on quality and comfort and has a high technical content, with many unique features.
“Arbesko is a well-established company with high competence of its employees, a strong brand name, good customer relations and a strong position in the nordic market”, says Pontus Boman, executive vice president of B&B TOOLS. “The acquisition is fully in line with the strategy of Bergman & Beving where our company is developing premium brands within different product and application areas for professional users in the construction and industry. We see very good opportunities for further development and growth for the Arbesko as a part of Bergman & Beving.”
Arbesko will continue to operate as an independent company within the Bergman & Beving according to the group’s philosophy of decentralised business responsibility.
“With its clear focus on the premium brands were the Bergman & Beving is a natural choice as the new owner to develop Arbesko in the future,” said Peter Geisler, CEO and owner of the Arbesko Group. “Tomorrow’s market requires a capability and resources for continuous development, which Bergman & Beving offers. We at Arbesko are looking forward to continue our positive long-term development together with our customers and dealers – and with a new strong owner who shares our values and goals.”
Closing took place today, on 3 april 2017. The acquisition is expected to have a marginally positive effect on B&B TOOLS ‘ earnings per share during the current financial year.
Stockholm the 3 april 2017
B&B TOOLS AB (publ)
For further information, please contact:
Pontus Boman, evp, B&B TOOLS AB, telephone 010-454 77 00
Mats Karlqvist, Head – Investor Relations, B&B TOOLS AB, telephone 070-660 31 32
The information was submitted for publication on 3 april 2017 there is a 13:00 CET.
170403 Bergman Beving PR Acquisition of Arbesko En
