Boreo’s subsidiary Muottikolmio acquires Lamox Oy
03 März 2023 - 9:00AM
Boreo’s subsidiary Muottikolmio acquires Lamox Oy
BOREO
PLC
Investor
news
3 March 2023 at 10:00 EET
Boreo’s subsidiary Muottikolmio acquires
Lamox Oy
Boreo’s subsidiary Muottikolmio Oy has on March
3, 2023, signed and closed a share and purchase agreement to
acquire entire share capital of Lamox Oy, from Malum Oy.
The add-on acquisition supports Muottikolmio’s
growth ambitions, enables wider product offering and improves the
company’s position within the renovation construction market. Lamox
is Muottikolmio’s long-term supplier of patented Termotuote
products.
Founded in 2013, Lamox is a manufacturer of
patented Termotuote products which are used in hidden socle
repairs. During its years in business, Termotuote has gained a
strong position among building companies and constructors. Lamox’s
operations are located in Alajärvi, Finland. In FY 2022, Lamox had
revenues of c. EUR 0,6 million and an EBITDA of c. EUR 0,1
million.
Lamox will be reported under Boreo’s Technical
Trade Business Area.
Vantaa, 3 March 2023
Boreo PlcKari NergCEO
Distribution:NASDAQ Helsinki LtdPrincipal mediawww.boreo.com
Further information:
Kari NergCEOtel +358 44 341 8514
Aku RumpunenCFOtel +358 40 556 3546
Lamox Oy – Key financials1
| |
2022 |
2021 |
2020 |
| Revenue,
EURm |
0,6 |
0,7 |
0,7 |
| EBITDA, EURm |
0,1 |
0,2 |
0,2 |
| EBITDA, % |
19,5 |
28,9 |
23,9 |
| Total assets,
EURm |
0,4 |
0,4 |
0,3 |
| Equity, EURm |
0,3 |
0,3 |
0,2 |
| Net debt,
EURm |
(0,2) |
(0,2) |
(0,2) |
[1] Illustrative key financials are based on Finnish Accounting
Standards (FAS), financial year ending 30.4.
Boreo in brief:
Boreo is a company listed on Nasdaq Helsinki
that creates value by owning, acquiring and developing small and
medium sized companies in Northern Europe. Boreo's business
operations are organized into three business areas: Electronics,
Technical Trade and Heavy Machines.
Boreo’s main objective is to create shareholder
value in the long-term. It aims to achieve this with an
acquisition-driven strategy, creating optimal conditions for its
businesses to increase sales and improve profitability, and by
being a best-in-class home for its companies and personnel.
The Group's net sales in 2022 were EUR 160.4
million and it employs over 300 people in seven countries. The
company’s headquarter is in Vantaa.
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