BE Group acquires Goodtech Solutions Manufacturing AB
BE Group has acquired Goodtech Solutions Manufacturing AB in Arvika from Goodtech Solutions, a subsidiary of Goodtech ASA. The main focus of the business is subcontracting in machining and the turnover in 2021 amounted to approximately SEK 20 M. The company employs about 15 persons.
“The acquisition of Goodtech Solutions Manufacturing AB is strengthening BE Group’s offering within “ready to weld” in Sweden and adds additional skills within CNC machining and increased production capacity”, says Peter Andersson, President and CEO at BE Group.
“We are very pleased that our good employees in Arvika gets a forward-looking and professional owner such as BE Group to further develop the business. The businesses know each other well after many years of close collaboration and we wish our colleagues all the best together with the new owners – at the same time we are congratulating BE Group to the acquisition”, says Margrethe Hauge, CEO Goodtech ASA.
The take-over takes place on September 1 at the latest and the business will be a part of business area Sweden & Poland. The acquisition is estimated to have a marginally positive impact on the underlying result for 2022.
For further information, please contact:
Peter Andersson, President and CEO
Tel: +46 706 53 76 55, email: firstname.lastname@example.org
About BE Group. BE Group, which is listed on the Nasdaq Stockholm exchange, is a trading and service company in steel, stainless steel and aluminium. BE Group offers efficient distribution and value-adding production services to customers primarily in the construction and manufacturing industries. In 2021, the Group reported sales of SEK 5.4 billion. BE Group has approximately 630 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com.
About Goodtech ASA. Goodtech is a robotics and automation specialist who enables smarter, greener and more sustainable industrial solutions. Goodtech is listed on the Oslo Stock Exchange, ticker GOD, with head office in Oslo. The Group has more than 300 employees at local offices in Norway, Sweden and at Åland, with sales of SEK 536 million in 2021. Read more at www.goodtech.se.