Byggmax Group AB (OM:BMAX) completed the acquisition of Contera AS.
August 31, 2021
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Byggmax Group AB (publ) (OM:BMAX) entered into an agreement to acquire Contera AS for approximately NOK 290 million on July 1, 2021. As part of consideration, Byggmax Group paid consideration of NOK 175 million and additional consideration based on future performance in 2021 and 2022 of maximum of NOK 110 million, in all a total maximum enterprise value of NOK 285 million. In 2020, Contera sales amounted to NOK 300 million and EBITDA of NOK 34 million. The transaction is subject to customary closing conditions and Norwegian competition authority approval.
Byggmax Group AB (publ) (OM:BMAX) completed the acquisition of Contera AS on August 31, 2021.
Byggmax Group AB is a Sweden-based company active within the construction materials retail sector. The Company is engaged in the discount retail of construction materials in the Nordic do-it-yourself (DIY) market. Its offering includes basic construction materials, such as wood, stone and concrete, isolation materials, doors, windows, flooring, paints and coatings, tools, screws, bolts, basic electrical and ventilation materials, kitchen and toilet fittings, as well as wooden cottage sets. The Company operates Byggmax Norge and Byggmax AB Finland as subsidiaries responsible for retail sails in Norway and Finland, as well as Buildor AB and Skanska Byggvaror as wholly owned subsidiaries. Its largest shareholder is Altor 2003 Sarl, which holds 35.76% of the Companyâs shares. The Company operates 67 stores across Sweden.