Gilk, Ao acquired Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC from Ferronordic AB (OM:FNM) for SEK 1.3 billion.
December 22, 2022
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Gilk, Ao acquired Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC from Ferronordic AB (publ) (OM:FNM) for SEK 1.3 billion on December 23, 2022. The net assets as of September 30, 2022 is SEK 1.6 billion. The sold companies may continue the use of the Ferronordic trademark during a transition period of six months.
Gilk, Ao completed the acquisition of Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC from Ferronordic AB (publ) (OM:FNM) for SEK 1.3 billion on December 23, 2022.
Ferronordic AB is a Sweden-based company engaged in sales and distribution of construction equipment. It operates as an authorized dealer of Volvo Construction Equipment, Renault trucks and Volvo CE. Additionally, it distributes Volvo and Renault Trucks, Volvo Penta, among others. Through its business segment, Equipment Distribution, the Company offers sale and rental of new and used machines and other equipment, contracting services, as well as aftermarket support (sales of parts and service). The Company distributes excavators, backhoe loaders, dump trucks, pipelayers, forestry machines, bulldozers and gensets. The Company provides its services to other companies in the Quarries and aggregates, mining, road construction, transport and logistic and general construction industries
Gilk, Ao acquired Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC from Ferronordic AB (OM: FNM) for SEK 1.3 billion.
FERRONORDIC AB 
