Momentum Group AB (publ) was listed today in the morning at the Nasdaq Stockholm Main Market (Mid Cap). Momentum Group’s shares of series B are traded on Nasdaq Stockholm under the ticker name MMGR B.
Momentum Group is one of the leading distributors of industrial supplies and industrial components and services to professional end-users in the industrial and construction sectors in the Nordic countries. The group has a turnover of approximately SEK 5.4 billion per year and has around 1 600 employees. Momentum Group is formed out of the former business area within the B&B TOOLS-group.
– Momentum Group goes to the market as one of the largest providers of industrial supplies and industrial components in the Nordic region, where we are with our decentralised responsibility unites the big company’s forces with the contractor’s commitment, local availability, and business acumen. We are a new company on the stock exchange but rests, as a spin-off from Bergman & Beving group, on a more than 100-year history with a proven business model. We can now fully focus on continuing our profitable growth, both organically and through acquisitions, ” says Ulf Lilius, PRESIDENT & Ceo of the Momentum Group.
By the listing of the Momentum Group considers the group to be able to strengthen their subsidiary’s customer offerings and competitiveness further with increased focus and exposure of the core competencies. This allows for increased growth and profitability, enhanced with nischförvärv in selected areas.
Stockholm, 21 June 2017
Momentum Group AB (publ)
For further information, please contact:
Ulf Lilius, PRESIDENT & Ceo phone 010-454 54 70
Mats Karlqvist, Head of Investor Relations telephone 070-660 31 32
This information was submitted for publication on 21 June 2017, there is a 10:00 CET.
170621 Momentum Group PR First listing date En