Business Services Industry
Sweden's Investment AB Latour acquires tool manufacturer BBM Verktyg AB
Nordic Business Report, Sept 10, 2007
NORDIC BUSINESS REPORT-10 September 2007-Sweden's Investment AB Latour acquires tool manufacturer BBM Verktyg AB(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish investment company Investment AB Latour said on Monday (10 September) that it has agreed to acquire the Swedish tool manufacturer BBM Verktyg AB in a SEK12.5m deal.
BBM Verktyg, based in Laholm, manufactures and sells cutting tools for the wood industry. The company has 20 employees and an annual turnover of SEK30m.
Investment AB Latour, headquartered in Gothenburg, Sweden, invests in industrial and trading operations. The company owns substantial holdings in Assa Abloy, Elanders, Fagerhult, Munters, Securitas, Securitas Direct, Securitas Systems, SWECO and OEM International. Investment AB Latour is listed on the Nordic Exchange in Stockholm.
One British pound (GBP) is worth approximately 13.79 Swedish kronor (SEK).
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