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Bergman & Beving AB Class B ( ($SE:BERG.B) ) just unveiled an update.
Bergman & Beving’s Industrial Equipment Division has acquired Mann & Co AB, a leading supplier of hoses and couplings for fluid handling applications. This acquisition, which follows a previous acquisition of Sandbergs i Jämtland AB, aims to strengthen the group’s competitive offering in fluid handling. Mann & Co, based in Töreboda, is known for its high-quality products and strong customer relationships. The acquisition is expected to have a marginally positive impact on Bergman & Beving’s earnings per share during the current financial year.
More about Bergman & Beving AB Class B
Bergman & Beving, founded in 1906, is a Swedish listed group that acquires and develops leading companies with a focus on eternal ownership. The group operates in expansive niches, providing value-adding solutions for industrial and construction clients. It is listed on Nasdaq Stockholm, employs approximately 1,400 people, and has a turnover of around SEK 5 billion, consisting of about 35 companies in over 25 countries.
Average Trading Volume: 21,339
Current Market Cap: SEK7.91B
Learn more about BERG.B stock on TipRanks’ Stock Analysis page.