Ahlsell takes over Norwegian wholesaler
Ahlsell Norge AS has signed an agreement to acquire Sentrum Motor og Verktøy AS (SMV) with an annual turnover of approx. NOK 40 m (EUR 4,2 m).
SMV is strong in Finnmark, a region in northern Norway. So far, Ahlsell is mainly active in the electrical sector in this area, but can now also offer its other products, such as tools and HVAC, through this acquisition.
The acquisition is expected to be completed in May.