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Bilia — M&A Activity 2012
Feb 1, 2012
2892_rns_2012-02-01_980d7fff-7207-46dc-b8cd-ed514f6ec38c.pdf
M&A Activity
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Continued expansion within the Service Business
Bilia has acquired all shares in Blombergs Bilservice i Lidingö AB. The company has since more than 30 years operated a BMW workshop in Lidingö. The company operates from an owned property being a part of a tenant-owners' association. The business has 7 employees and an annual turnover of about SEK 10 million. The purchase consideration amounts to SEK 8 million.
In a comment, Bilia's Managing Director Per Avander says: "After recently having established a Volvo workshop in Lidingö, we look forward to also be able to offer first class service to our BMW customers in Lidingö".
Göteborg, 1 February 2012
Bilia AB (publ)
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, Bilia AB, Tel. +46 31 709 55 00.
The above information is disclosed in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published on 1 February 2012, at 12:10.