Beijer Alma’s subsidiary Beijer Tech acquires Ventilteknik i Motala

Ventilteknik i Motala (“VTM”) is a well-known Swedish company that offers valve service, valve refurbishment and gaskets. The company offers service and on-call support 24/7, and has a wide range of machinery for refurbishing valves and manufacturing spare parts. The company has 20 employees and revenue of about SEK 70 million with good profitability. For further information, please visit the company’s website: www.vtm.se.

The acquisition is in line with Beijer Alma’s model for value-adding acquisitions and Beijer Tech’s strategy of acquiring profitable companies in attractive niches with good growth potential and high value-add.

Fredrik Karlsson, Business Area Manager Beijer Tech, comments on the transaction: “VTM is a well-managed company with high-quality deliveries, strong technical expertise and excellent availability for its customers. We are looking forward to working together with the team to continue to develop the company as a part of Beijer Tech.”

The company’s previous principal owner, Mattias Samuelsson, also comments on the transaction: “Beijer Tech is a very good long-term partner for VTM. They understand our operations and shares our approach to quality, customer service and long-term relationships. Together, we will have many opportunities to continue to develop the company and strengthen the offering to our customers.”

Through the transaction, Beijer Tech will acquire the majority of the shares in Ventilteknik i Motala AB with closing taking place today. The company will be part of Beijer Tech’s Fluid Technology business area. The acquisition is expected to have a marginally positive impact on Beijer Alma’s earnings per share.