J&B Maskinteknik acquires operations of Alfa Maskinteknik
Opus Prodox AB (publ) today announces that its wholly owned subsidiary, J&B Maskinteknik AB, has signed an agreement to acquire the assets and operations of Alfa Maskinteknik AB.
Alfa Maskinteknik’s operations include installation, service and accredited calibration of brake testers, with accessories, on the Swedish market. In connection with the acquisition, J&B will take over existing service contracts, customer base, inventory and equipment etc. Stig Albertsson, founder and owner of Alfa Maskinteknik, accompanies the business and will continue to work for J&B going forward.
The acquisition is part of the Opus strategy to increase service business and will bring new customers to J&B, who can now offer a larger service organization with wider operations and better geographical coverage. The business generates annual revenues of approx. SEK 3 million, with good profitability. The purchase price, financed through existing cash, will not be published under agreement between the parties. The acquisition is expected to be completed during March 2012.
”J&B has worked with Alfa Maskinteknik for several years and it is with great pleasure that we now jointly have managed to close this deal, which we believe will be very good for both J&B and Alfa’s customers,” says John-Anders Hansson, CEO of J&B Maskinteknik AB.
J&B performs installation, service, repair and accredited calibration of various workshop equipment, for garages and vehicle inspection stations in Sweden, with 18 service technicians spread across Sweden.
This press info is available in Swedish at www.opus.se.
For additional information, please contact
Magnus Greko, President and CEO
Phone: +46 31 748 34 91
Opus’ Certified Adviser
Thenberg & Kinde Fondkommission AB
SE-403 12 Gothenburg
Phone: +46 31 745 50 00