NORMA Law has through a team consisting of Anders Wenner-gren, Annika Freij, Joakim Zetterström, Louise Lindahl, Matilda Sjölin and Carolina Bergholtz, been advisor to ByggPartner in this deal which, conditional to approval from the Swedish Competition Authority and the Annual General Meeting, gives the company a strong position on the strategically important geographical market Östergötland.
ByggPartner is a refined construction company with operations in Dalarna, Gästrikland, Mälardalen and Stockholm. A signifi-cant portion of the revenue, which in 2021 was SEK 2,3 billion, comes from operations in Dalarna. It has been of strategic importance to achieve growth through acquisitions in other geographical markets, and Åhlin & Ekeroth will give Bygg-Partner a strong local presence in addition to sound corporate values and good profitability. Åhlin & Ekeroth employs approximately 400 people and has a turnover of approxi-mately SEK 1,4 billion.
When the deal is finalized ByggPartner will become a signifi-cantly larger group with a turnover of approximately SEK 3,7 billion. The initial purchase price corresponds to a corporate value of SEK 460 million cash-free/debt-free, of which SEK 340 million will be reinvested in ByggPartner.