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2016-03-01

Bravida Holding AB: Bravida Denmark acquires EnergiMidt's electrical installations business

Bravida Denmark has signed an agreement to acquire the electrical
installations operations of EnergiMidt based in Silkeborg. By the
acquisition, Bravida strengthens their position in mid Jutland. The
business has 25 employees and a turnover of approximately SEK 38
million.

The acquition is a part of the growth strategy to strengthen Bravida's
presence in mid Jutland where a new highway linking Aarhus,
Silkeborg, Herning, and Holstebro together, is expected to create new
business opportunities. With the acquisition, Bravida receives a
project portfolio of close to SEK 40 million.

- We take over a business with good relationships with prime
contractors and local business customers. Therefore, I expect to
achieve synergies with our other branches in Herning, Holstebro and
Aarhus, and create a broader offering to existing customers. We also
see this acquisition as a bridgehead to Viborg where we are
establishing ourselves based on a number of major new projects,
including Viborg Hospital, says Johnny Hey, regional manager at
Bravida Denmark, Nord og Midtjylland.

The acquired business include service and installation within
electrical installations, energy optimization, photovoltaic systems
and low voltage. Example of customers are condominiums,
municipalities and large corporate customers.

EnergiMidt is an energy company in mid Jutland that provides the
region with electricity and broadband. Bravida has also entered a
strategic cooperation with EnergiMidt regarding service and energy
optimization.

Bravida assumes the business per 1 March.
For further information, please contact:
Mattias Johansson, CEO and Group President, Bravida. Phone: +46 8 695
20 00

Morten Kjellev, Communications Officer, Bravida Denmark. Phone: +45
2525 2020

Bravida is a leading multi-technical service provider i the Nordics,
with about 9,000 employees. Bravida delivers specialist services as
well as complete electrical, heating and plumbing, and HVAC
solutions, offering everything from design and project planning to
installation, operation and maintenance. Bravida is represented in
around 140 locations in Sweden, Norway, Denmark and Finland.
www.bravidagroup.com/en/

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http://news.cision.com/bravida-holding-ab/r/bravida-denmark-acquires-ene...
http://mb.cision.com/Main/8835/9925764/482646.pdf

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