Swedish Bellman Group completes the acquisition of the machine contracting company VSM Entreprenad AB. The final purchase price for the acquisition amounts to SEK 380,000,000 on a debt free basis. The cash payment of SEK 239m has been paid in its entirety as of yesterday and the Company has also completed a new issue of shares valued at SEK 100 million directed to the former owners of VSM, which after the new issue gives them an ownership in Bellman Group of 33% in total. VSM will continue to operate as a separate business following the acquisition.
