12/17/2018 11:00 AM Ahlsell acquires Finnish company within electrical automation

Ahlsell Oy has signed an agreement to acquire PJ-Control Oy, an electrical automation company with annual sales of approximately MEUR 7.5.

PJ-Control is a company with good foothold in the greater Helsinki area with customers mainly in the industrial segment, maintenance and machinery production suppliers. PJ-Control has fifteen employees in its branch in Vantaa.

“This acquisition will strengthen Ahlsell’s position within electrical automation in Finland and give our customers an even greater access to our broad assortment of products and services.”, says Mika Salokangas, Head of operations for Ahlsell in Finland.

The acquisition is expected to be closed in January 2019 and have a minor positive impact on the Group's earnings in 2019.

For further information please contact:

Karin Larsson, Head of IR and external communications
+46 8 685 59 24, karin.larsson@ahlsell.se

Johan Nilsson, President and CEO, Ahlsell AB
+468 685 70 00, johan.nilsson@ahlsell.se

Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of just over BSEK 30 and is listed on Nasdaq Stockholm. About 97% of revenue is generated in the three main markets of Sweden, Norway and Finland. With about 5,800 employees, more than 230 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional!

Press release, 17 December, 2018