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    BRAV   SE0007491303

BRAVIDA HOLDING AB (PUBL)

(BRAV)
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Bravida : strengthens its position in Norway - acquires electrical company in Asker

03/05/2021 | 05:01am EDT

Bravida Norway acquires the electrical service company Volt Elektro AS, thereby strengthening its market position, especially in the service segment in Asker and Bærum.

Volt Elektro As was founded in 2016 and is based in Billingstad in Asker. The company mainly works for corporate customers and provides electrical services relating to renovation, redevelopment and extensions. It has an annual turnover of about NOK 11 million.

"We are very happy to welcome Volt Elektro AS to Bravida in Asker. We look forward to continuing to further strengthen our position in the area, with more skilled employees and a new Branch Manager in Asker," comments Martin M. Andersen, Regional Manager Nedre Viken, Bravida.

In addition to his position as Regional Manager for the Nedre Viken Region, Martin M. Andersen has also served as acting Branch Manager for Bravida's branch in Asker. Anders Byholt, who is currently the Managing Director of Volt Elektro, will now become the Branch Manager.

"This is a positive and exciting decision for all parties. Becoming part of Bravida, which is a leader in Norway in technical installation, gives both us and our customers great opportunities. I also look forward to taking on the role of Branch Manager at Bravida Asker," comments Anders Byholt, Managing Director and majority shareholder of Volt Elektro AS.

Volt Elektro AS currently has six employees and Bravida will acquire ownership on 1 April 2021.

For further information, please contact: 
Liselotte Stray, Group Press Manager
liselotte.stray@bravida.se
+46 (0)76 852 38 11
 

Bravida is the leading end-to-end servicing and installation provider in the Nordics, with over 11,700 employees. Bravida provides both specialist services and end-to-end solutions within electrical, heating and plumbing, HVAC, security, cooling, sprinklers, technical service management and power supply. Bravida is present in around 170 locations in Sweden, Norway, Denmark and Finland. www.bravida.se    

https://news.cision.com/bravida-holding-ab/r/bravida-strengthens-its-position-in-norway---acquires-electrical-company-in-asker,c3300791

https://mb.cision.com/Main/8835/3300791/1382857.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 22 020 M 2 625 M 2 625 M
Net income 2021 1 062 M 127 M 127 M
Net Debt 2021 713 M 85,0 M 85,0 M
P/E ratio 2021 25,1x
Yield 2021 2,08%
Capitalization 26 647 M 3 157 M 3 177 M
EV / Sales 2021 1,24x
EV / Sales 2022 1,17x
Nbr of Employees 12 000
Free-Float 97,5%
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Per Evert Mattias Johansson Group President & Chief Executive Officer
Asa Neving Chief Financial Officer
Knut Fredrik Jochum Arp Chairman
Magnus Hamerslag Head-Operations Development
Anders Staffan Påhlsson Independent Director