Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Bergman & Beving acquires Retco

Bergman & Beving

Press release

Bergman & Beving acquires Retco

Bergman & Beving has today acquired all shares in Retco Oy. Retco is one of Finland's leading players in mechanised and automated welding technology for the general industry. Retco has an annual revenue of approximately MEUR 5 with good profitability. The business is based in Pori, Finland and has nine employees.

“Retco has a deep knowledge in the welding field and is a leader in its niche in Finland. The company has an interesting position in fast-growing areas within welding technology where we have the ambition to become the leading player in the Nordic region”, says Oscar Fredell, Head of Division Tools & Consumables.

“We are looking forward to joining Bergman & Beving, which is a strategic, long-term owner who can further develop and continue the company's successful journey”, says the seller Jukka Setälä.

Retco will become part of the Tools & Consumables division and the closing takes effect immediately. The acquisition is expected to have a marginal positive effect on Bergman & Beving’s earnings per share during the current fiscal year.

Stockholm, 1 April 2022

Bergman & Beving AB (publ)

For further information, please contact:
Magnus Söderlind, President & CEO, Tel: +46 10 454 77 00
Peter Schön, CFO, Tel: +46 70 339 89 99

The information was submitted for publication, through the agency of the contact persons set out above, at 1:00 p.m. CET on 1 April 2022.

Bergman & Beving consists of leading companies with niche products and brands for professional users in manufacturing and construction in northern Europe. The Group consists of about 20 operations in about 20 countries. Bergman & Beving is listed on Nasdaq Stockholm and has about 1,200 employees and generates revenue of approximately SEK 4.5 billion.
Read more on the company’s website: www.bergmanbeving.com.

Attachment

  • 20220401_Bergman_Beving_pressrelease_Retco_eng

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.