STOCKHOLM, Feb 03, 2017 /PRNewswire/ --
Press release - 3 Febuary 2017, 08:20 CET
G-ESS is one of Sweden's major independent distributors of professional workwear and footwear. The company holds a strong position in the Stockholm area, with four stores in Bromma, Järfälla, Täby and Huddinge. The company generates annual sales of approximately SEK 120 million and employs a workforce of 37. Its customers operate in the installation, construction, industry and service sectors.
Johan Nilsson, President and CEO of Ahlsell AB (publ) says, "The acquisition of G-ESS extends our product portfolio and strengthens our position in the field of professional workwear and footwear in the Nordic market. G-ESS also adds new and interesting clients to our customer base, which opens up potential new business opportunities".
G-ESS will continue to operate under its own brand and with its existing sales organisation.
The take-over is expected to take place in early March and it is anticipated that the acquisition will have a marginal positive impact on Group earnings in 2017.
For further information, contact:
President and CEO,
Ahlsell AB (publ)
Tel: +46 (0)8-685-70-00
Tel: +46 (0)708-15-84-85
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SOURCE Ahlsell AB