Skanska becomes market leader in glass facades
Skanska Stålteknik has signed an agreement to acquire all shares in Ferm & Persson from Addum. As a result of the acquisition, Skanska Stålteknik becomes the market leader in glass facade production in Sweden.
PRESS RELEASE, MARCH 24, 1997 24/97
SKANSKA BECOMES MARKET LEADER IN GLASS FACADES
Skanska Stålteknik has signed an agreement to acquire all shares in Ferm & Persson from Addum. As a result of the acquisition, Skanska Stålteknik becomes the market leader in glass facade production in Sweden.
Ferm & Persson, which produces glass siding, has sales of about USD 10.5 M, with 80 employees. The company’s head office is in Gothenburg, with production in Gothenburg and Kungsbacka. Ferm & Persson will continue to operate under its own name as an independent subsidiary of Skanska Stålteknik.
"Through the acquisition of Ferm & Persson, we can focus further on development and internationalization" says Leif Jakobsson, president of Skanska Stålteknik.
"We are pleased to have found an industrially correct solution which can increase focus in Addum as well as Ferm & Persson" says Andrejs Cakste, CEO of Addum.
The agreement will be rewiewed by the competition authority.
Danderyd, March 24, 1997
SKANSKA STÅLTEKNIK AB
Leif Jakobsson
For further information, kindly contact:
Leif Jakobsson, VD Skanska Stålteknik tel +46-480-220 60 or 070-591 74 18, Andrejs Cakste, koncernchef Addum tel +46-8-453 76 01 eller Roger Asterholm, VD Ferm & Persson tel +46-31-45 01 00.
This and previous press releases are also available on http://www.skanska.com