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    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

(SOLT)
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SolTech Energy Sweden : acquires 100% of Takbyrån i Alingsås AB

05/27/2021 | 10:01am EDT

On 27 May, Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in Takbyrån i Alingsås AB (Takbyrån) with access on 1 June 2021. The company has sales of approximately SEK 100 million and has just over 35 employees based in Alingsås. Now the plan is to, together with Soltech, integrate solar energy into the product range and increase both sales and earnings. The acquisition is the Soltech Group's second largest and consolidates an already strong position in roofing. The acquisition is financed entirely from its own cash and with newly issued Soltech shares. Takbyrån is estimated to contribute approximately SEK 65 million in sales during 2021 (7 months) with a positive result.

Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. Together, these companies will create synergy effects and build a strong group with cross-border expertise. The acquisition of the roofing company Takbyrån is Soltech's second largest to date. An acquisition that further strengthens the Group's already strong position in roofing and our strategy to transform traditional companies in roofing, facade and electrical technology into solar companies.

- This acquisition is completely in line with our acquisition strategy. The roofing agency is a down-to-earth, high-performing and above all well-reputed roofing contractor who has realized the value of adding solar energy to its offering. We now get four new driven entrepreneurs and over 30 competent employees in the group and I would like to warmly welcome them to the Soltech family, says Stefan Ölander, CEO of Soltech Energy.

Fast-growing player in the Gothenburg area
Takbyrån was founded in 2014 and has since then had a successful journey. The company specializes in roofing contracts and performs all types of roofing work. The roofing agency's customers often consist of construction and real estate companies but also of industries and public actors. Takbyrån is now adding solar energy to its offering when joining the Soltech Group.

- We are very proud to be part of the Soltech Group. Not least, it is a proof that we have built up an attractive and successful roofing company. We are also convinced that tomorrow's roofing companies need to possess solar energy expertise to be able to compete, which means that this position shift is in the right direction for us. This will benefit the company, our fantastic employees but above all our customers, says Tobias Udén, CEO of Takbyrån.

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2020 434 M 50,4 M 50,4 M
Net income 2020 -90,4 M -10,5 M -10,5 M
Net Debt 2020 735 M 85,4 M 85,4 M
P/E ratio 2020 -14,0x
Yield 2020 -
Capitalization 1 974 M 229 M 229 M
EV / Sales 2019 6,77x
EV / Sales 2020 6,21x
Nbr of Employees 180
Free-Float 100%
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Managers and Directors
Stefan Ölander Chief Executive Officer & Director
Niclas Lundin Chief Financial Officer
Anna Kinberg Batra Chairman
Mats Bertil Holmfeldt Independent Director
Hellen Wohlin Lidgard Independent Director