Brief: Bilia Expands Service Business For Mercedes In Sweden

Bilia AB

16/03/2022 08:02

March 16 (Reuters) - Bilia AB  BILIa.ST :
    * BILIA EXPANDS THE SERVICE BUSINESS FOR MERCEDES IN SWEDEN
    * REACHED AN AGREEMENT TO ACQUIRE LBS LASTBILAR AB, A
COMPANY WHO
CONDUCTS REPAIR AND SERVICE OF MERCEDES TRANSPORT VEHICLES AND
TRUCKS
    * ACQUIRED BUSINESS REPORTED FOR 2021 A TURNOVER OF ABOUT
SEK 40 M
AND AVERAGE NUMBER OF EMPLOYEES WAS 11
    * BILIA IS EXPECTED TO TAKE OVER OPERATION ON 1 APRIL 2022.
    * OPERATION'S CAPITAL EMPLOYED PLUS PROPERTY AND AGREED
SURPLUS
VALUES AMOUNT TO ABOUTSEK 30 M, WHICH WILL INCREASE BILIA
GROUP'S NET DEBT.

Source text for Eikon:  ID:nGNEbC1rDh 
Further company coverage:  BILIa.ST 

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