Ahlsell Norge AS has acquired Sentrum Motor og Verktøy AS to strengthen its market presence and expand its product offerings in the tools and supplies sector in northern Norway.
Target Company Overview
Ahlsell Norge AS has signed an agreement to acquire Sentrum Motor og Verktøy AS (SMV), which generates an annual revenue of approximately 40 MNOK. SMV is well-established in the tool, personal protective equipment (PPE), and marine sectors in Finnmark, located in northern Norway. With a workforce of nine employees, the company boasts a diverse customer base that spans construction, infrastructure, and aquaculture sectors.
Upon completion of this acquisition, Ahlsell aims to enhance its market share in the region and establish a strong foothold in tools and supplies, aligning with its overall growth strategy in the plumbing and heating segment.
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Industry Overview in Norway
Norway's tool and supply industry is currently experiencing growth driven by increasing demand in various sectors, especially in construction and infrastructure development. The northern region, particularly Finnmark, is witnessing a
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Disclosed details
Revenue: $4M