Ahlsell Norge AS has agreed to acquire Lindqvist AS, a company specializing in tools and supplies for contractors and the industrial sector in western Norway, which enhances Ahlsell's product offerings and sustainability initiatives.

Target Company Overview

Ahlsell Norge AS has entered into an agreement to acquire all shares in Lindqvist AS, a company that provides tools and supplies to contractors and the industrial sector in western Norway. The business operates a store, warehouse, e-commerce platform, and workshop in Bergen, employing a team of 10 individuals. In 2022, the company reported a revenue of 55 million NOK.

Lindqvist AS boasts an extensive range of electric tools, hand tools, fasteners, and consumables. Their expertise, service offerings, and product assortment in drilling and cutting tools significantly enhance Ahlsell's overall service portfolio. This acquisition allows for a combined strength that enables the provision of a broader product range, reinforced by Ahlsell's comprehensive logistics solutions.

Industry Overview in Norway

The tools and supply industry in Norway is experiencing consistent growth, driven by increased construction and infrastructure projects. With the nation's focus on sustainability and environment