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Chairman of the board

Johan Nilsson

Education

CEO and member of the Board, Ahlsell AB since 2021

President & CEO

Claes Seldeby

Principal occupation, managing partner, CVC Capital Partners. Boardmember since 2012.

Member of the Board

Søren Vestergaard-Poulsen

Position, proposed as board member to the annual general meeting 2018.

Susanne Ehnbåge

Principal occupation, sales, Ahlsell Sverige AB. Boardmember since 2020.

Member of the Board [employee representative]

Lena Bergman

Principal occupation, CEO of CVC Advisers Intl Swedish branch. 

Gustaf Martin-Löf

Principal occupation, Managing Director, CVC Advisers Intl Swedish branch. Board member since 2019.

Mattias Fajers

Principal occupation, works at the Ahlsell Sweden logistics centre in Hallsberg. Board member since 2009.

Maria Herbertsson

Principal occupation, sales at Ahlsell Sverige. Boardmember since 2012.

Anders Holger-Nilsson

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Kristian Ackeby

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Claudio Christensen

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Runar Hansesætre

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Mikael Sundström

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Olli Köresaar

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In June the Ahlsell Group entered into an agreement to acquire the specialized hardware store chain Prevex. With today’s closing the acquisition is now completed.

For further information contact:
Johan Nilsson, Group CEO Ahlsell AB, or Claes Seldeby, CEO Ahlsell Sverige AB, +46-8-685 70 00

Ahlsell is the Nordic region's leading trading company in installation products and tools & machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, refrigeration, construction, tools and machinery. The Group has an annual turnover of approx. SEK 23 billion and about 4,800 employees.

Release

<p style="font-family: arial,helvetica,sans-serif; font-size: 10pt;"><span style="font-family: arial,helvetica,sans-serif; font-size: 10pt;">In June the Ahlsell Group entered into an agreement to acquire the specialized hardware store chain Prevex. With today&rsquo;s closing the acquisition is now completed. </span></p>
<p style="font-family: arial,helvetica,sans-serif; font-size: 10pt;"><span style="font-family: arial,helvetica,sans-serif; font-size: 10pt;">For further information contact:<br />Johan Nilsson, Group CEO Ahlsell AB, or Claes Seldeby, CEO Ahlsell Sverige AB, +46-8-685 70 00</span></p>
<p style="font-family: arial,helvetica,sans-serif; font-size: 10pt;"><em><span style="font-family: arial,helvetica,sans-serif; font-size: 10pt;">Ahlsell is the Nordic region's leading trading company in installation products and tools &amp; machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, refrigeration, construction, tools and machinery. The Group has an annual turnover of approx. SEK 23 billion and about 4,800 employees.</span></em></p>

<h1 style="font-family: arial,helvetica,sans-serif;"></h1>
<p>Press release 1 August, 2016</p>
<h1 style="font-family: arial,helvetica,sans-serif;"></h1>
<h1 style="font-family: arial,helvetica,sans-serif;">Ahlsell completes the acquisition of Prevex</h1>

Press release 1 August, 2016Ahlsell completes the acquisition of Prevex

Sata Automaatio is a local trading company with establishments in Pori and Rauma, Finland. The company sells a wide range of electrical automation products. The annual turnover is about 4 MEUR.
Ahlsell is already present in Pori and Rauma with outlets selling installation products in the electrical and plumbing segments, as well as tools and supplies. With the acquisition of Sata Automaatio we broaden our efforts in the electrical segment and strengthen our position and profile in the region, says CEO Johan Nilsson in a comment.
Questions regarding this information to Johan Nilsson, Group CEO, +46 70 553 28 29, e-mail johan.nilsson@ahlsell.se (johan.nilsson@ahlsell.se)

Ahlsell is the Nordic region's leading trading company in installation products and tools & machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, tools and machinery. The Group has an annual turnover of approx. SEK 22 billion and about 4,800 employees.

<p>Sata Automaatio is a local trading company with establishments in Pori and Rauma, Finland. The company sells a wide range of electrical automation products. The annual turnover is about 4 MEUR.<br  /><br  />Ahlsell is already present in Pori and Rauma with outlets selling installation products in the electrical and plumbing segments, as well as tools and supplies. With the acquisition of Sata Automaatio we broaden our efforts in the electrical segment and strengthen our position and profile in the region, says CEO Johan Nilsson in a comment.<br  /><br  />Questions regarding this information to Johan Nilsson, Group CEO, +46 70 553 28 29, e-mail <a  href="mailto:johan.nilsson@ahlsell.se" target="_blank">johan.nilsson@ahlsell.se</a></p>   <p><em >Ahlsell is the Nordic region's leading trading company in installation products and tools &amp; machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, tools and machinery. The Group has an annual turnover of approx. SEK&nbsp;22 billion and about 4,800 employees.</em></p> 

<h2>Ahlsell AB: Ahlsell aquires Sata Automaatio Oy </h2>

Ahlsell AB: Ahlsell aquires Sata Automaatio Oy

Rune Flengsrud has been appointed new administrative director of Ahlsell Norge AS. Rune will also be a member of the Group Management in Ahlsell AB.

Rune, with a long career within Schneider Electric, is currently responsible for the Schneider Electric Nordic and Baltic businesses with a turnover of 10 billion NOK.

With a proven ability to successfully lead and manage a business in both good and tough times Rune's skills, together with his previous experience in the wholesale industry, will contribute to a more offensive and better performing company.

With great joy we welcome Rune when he assumes his new position on 1 October.

Johan Nilsson
Group CEO Ahlsell AB

Ahlsell is the Nordic region's leading trading company in installation products and tools & machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, tools and machinery. The Group has an annual turnover of approx. SEK 22 billion and about 4,800 employees.

<p>Rune Flengsrud has been appointed new administrative director of Ahlsell Norge AS. Rune will also be a member of the Group Management in Ahlsell AB.</p>  <p>Rune, with a long career within Schneider Electric, is currently responsible for the Schneider Electric Nordic and Baltic businesses with a turnover of 10 billion NOK.</p>  <p>With a proven ability to successfully lead and manage a business in both good and tough times Rune's skills, together with his previous experience in the wholesale industry, will contribute to a more offensive and better performing company.</p>  <p>With great joy we welcome Rune when he assumes his new position on 1 October.</p>  <p>Johan Nilsson<br  />Group CEO Ahlsell AB</p>  <p><em >Ahlsell is the Nordic region's leading trading company in installation products and tools &amp; machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, tools and machinery. The Group has an annual turnover of approx. SEK&nbsp;22 billion and about 4,800 employees.</em></p>  

<h2>Ahlsell AB: Rune Flengsrud new director of Ahlsell AS</h2>

Ahlsell AB: Rune Flengsrud new director of Ahlsell AS

The Ahlsell Board of Directors has appointed Johan Nilsson new CEO of the Ahlsell Group. Johan will for the time being also maintain his current responsibilities for Ahlsell's operations in Sweden, Russia and the Baltic countries.

''Johan has for a long period of time, as head of Ahlsell Sweden, the groups largest business, demonstrated excellent leadership and he has there significantly contributed to the very successful development of that business . It is therefore natural that Johan takes over after Göran Näsholm as Group CEO now that Göran  after almost 17 years in the position chooses to retire", says Chairman Kenneth Bengtsson in a statement.

''We are particularly pleased that Johan will take over the position as CEO for the Ahlsell Group and continue to drive the development of the entire group drawing on the experiences he so successfully applied running the Swedish business'', says Peter Törnquist, vice Chairman of the Ahlsell Board of Directors and a representative of the principal owner of Ahlsell, CVC Capital Partners. "We would like to thank Göran Näsholm for his significant contributions to the development of Ahlsell, making it the excellent company it is today", Peter adds.

Questions related to this information will be answered by Kenneth Bengtsson, telephone 08-685 70 00 or Peter Törnquist, email ptornquist@cvc.com, telephone 08-407 87 90.

Ahlsell is the Nordic region's leading trading company in installation products and tools & machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, tools and machinery. The Group has an annual turnover of approx. SEK 22 billion and about 4,800 employees.

<p>The Ahlsell Board of Directors has appointed Johan Nilsson new CEO of the Ahlsell Group. Johan will for the time being also maintain his current responsibilities for Ahlsell's operations in Sweden, Russia and the Baltic countries.</p>  <p>''Johan has for a long period of time, as head of Ahlsell Sweden, the groups largest business, demonstrated excellent leadership and he has there significantly contributed to the very successful development of that business . It is therefore natural that Johan takes over after Göran Näsholm as Group CEO now that Göran &nbsp;after almost 17 years in the position chooses to retire", says Chairman Kenneth Bengtsson in a statement.</p>  <p>''We are particularly pleased that Johan will take over the position as CEO for the Ahlsell Group and continue to drive the development of the entire group drawing on the experiences he so successfully applied running the Swedish business'', says Peter Törnquist, vice Chairman of the Ahlsell Board of Directors and a representative of the principal owner of Ahlsell, CVC Capital Partners. "We would like to thank Göran Näsholm for his significant contributions to the development of Ahlsell, making it the excellent company it is today", Peter adds.</p>  <p>Questions related to this information will be answered by Kenneth Bengtsson, telephone 08-685 70 00 or Peter Törnquist, email ptornquist@cvc.com, telephone 08-407 87 90.</p>  <p><em >Ahlsell is the Nordic region's leading trading company in installation products and tools &amp; machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, tools and machinery. The Group has an annual turnover of approx. SEK&nbsp;22 billion and about 4,800 employees.</em></p>  

<h2>Ahlsell AB : Johan Nilsson new CEO of the Ahlsell Group</h2>

Ahlsell AB : Johan Nilsson new CEO of the Ahlsell Group

Elgross'n i Norr AB is a local wholesaler that is selling a wide range of electrical articles within automation, lightning and installation. The company has a turnover of approx. 20 MSEK.

The wholesale electricity market is an area that Ahlsell is looking to expand within. The organization has been reinforced to better be able to meet the demands of our customers within the areas installation, industry and infrastructure. The acquisition of Elgross'n i Norr AB strengthens our position and profile in the northern part of Sweden and is a good supplement to the acquirement of NEA Elmaterial AB made in September.

Questions related to this information can be answered by CEO Göran Näsholm at +46-708 23 71 00 or goran.nasholm@ahlsell.se. 
 
Ahlsell is the leading technical commercial company in the Nordic countries in installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services in the product areas of heating, ventilation and sanitation, electrical, tools and machinery, and refrigeration. The group has annual sales of approximately SEK 20 billion and about 4,500 employees.

   <p>Elgross'n i Norr AB is a local wholesaler that is selling a wide range of electrical articles within automation, lightning and installation. The company has a turnover of approx. 20 MSEK.</p>  <p>The wholesale electricity market is an area that Ahlsell is looking to expand within. The organization has been reinforced to better be able to meet the demands of our customers within the areas installation, industry and infrastructure. The acquisition of Elgross'n i Norr AB strengthens our position and profile in the northern part of Sweden and is a good supplement to the acquirement of NEA Elmaterial AB made in September.</p>  <p><strong>Questions related to this information can be answered by CEO Göran Näsholm at +46-708 23 71 00 or goran.nasholm@ahlsell.se.</strong>&nbsp;<br  />&nbsp;<br  /><br  /><em >Ahlsell is the leading technical commercial company in the Nordic countries in installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services in the product areas of heating, ventilation and sanitation, electrical, tools and machinery, and refrigeration. The group has annual sales of approximately SEK 20 billion and about 4,500 employees</em><em >.</em></p>  

<h2>Ahlsell aquires Elgross'n i Norr AB with business in Umeå</h2>

Ahlsell aquires Elgross'n i Norr AB with business in Umeå

The Swedish Competition Authority has decided to approve the acquisition.

"This means that starting in September, we can begin discussions on how we in the best possible way, from a customer as well as a personnel perspective, can begin integration of the organization," says CEO Göran Näsholm in a comment on the decision.

Questions related to this information can be answered by CEO Göran Näsholm at +46-708-23 71 00 or goran.nasholm@ahlsell.se. 
 
 
Ahlsell is the leading technical commercial company in the Nordic countries in installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services in the product areas of heating, ventilation and sanitation, electrical, tools and machinery, and refrigeration. The group has annual sales of approximately SEK 20 billion and about 4,500 employees.

<p>The Swedish Competition Authority has decided to approve the acquisition.</p>  <p>"This means that starting in September, we can begin discussions on how we in the best possible way, from a customer as well as a personnel perspective, can begin integration of the organization," says CEO Göran Näsholm in a comment on the decision.</p>  <p><strong>Questions related to this information can be answered by CEO Göran Näsholm at +46-708-23 71 00 or goran.nasholm@ahlsell.se.</strong>&nbsp;<br  />&nbsp;<br  />&nbsp;<br  /><em >Ahlsell is the leading technical commercial company in the Nordic countries in installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services in the product areas of heating, ventilation and sanitation, electrical, tools and machinery, and refrigeration. The group has annual sales of approximately SEK 20 billion and about 4,500 employees.</em></p> 

<h2>Ahlsell's acquisition of NEA Elmateriel AB</h2>

Ahlsell's acquisition of NEA Elmateriel AB

Ahlsell and Närkes Elektriska AB (NEA) have signed an agreement meaning that Ahlsell is acquiring the shares in NEA Elmateriel AB, one of NEA's fully owned subsidiaries.

NEA Elmateriel AB is an electrical wholesaler with a turnover of SEK 850 m and is established in approximately 40 locations throughout Sweden. The customers are primarily industrial companies.

"Through this acquisition, we are significantly reinforcing Ahlsell's presence and position within the electrical equipment range in Sweden. Our operations complement one another well and we view the combined unit as a strong platform for continued expansion," says Göran Näsholm, CEO of Ahlsell AB.

Per Sjöstrand, CEO of the NEA Group, remarked that the decision to sell the operations to Ahlsell was taken following a competitive process with a number of interested parties, in which Ahlsell presented the best offer overall. The price has certainly been important, but another decisive factor was Ahlsell's desire and ability to be a proactive future partner for the owners of the NEA Group (the Dutch company Imtech N.V.) regarding their Nordic operations within the Electrical and HVAC field.

A final agreement is subject to approval by the Swedish Competition Authority.

For questions relating to this information, please contact Göran Näsholm, CEO, phone +46 (0) 708 23 71 00, e-mail goran.nasholm@ahlsell.se. 
 

Ahlsell is the leading technical trading company in the Nordic region for installation products, tools and machinery. Ahlsell offers professionals a wide range of goods and services in the product segments heating & plumbing, electrical, tools & machinery, and refrigeration. The Group has an annual turnover of about SEK 20 billion and some 4,500 employees.

<p>Ahlsell and Närkes Elektriska AB (NEA) have signed an agreement meaning that Ahlsell is acquiring the shares in NEA Elmateriel AB, one of NEA's fully owned subsidiaries.</p>  <p>NEA Elmateriel AB is an electrical wholesaler with a turnover of SEK 850 m and is established in approximately 40 locations throughout Sweden. The customers are primarily industrial companies.</p>  <p>"Through this acquisition, we are significantly reinforcing Ahlsell's presence and position within the electrical equipment range in Sweden. Our operations complement one another well and we view the combined unit as a strong platform for continued expansion," says Göran Näsholm, CEO of Ahlsell AB.</p>  <p>Per Sjöstrand, CEO of the NEA Group, remarked that the decision to sell the operations to Ahlsell was taken following a competitive process with a number of interested parties, in which Ahlsell presented the best offer overall. The price has certainly been important, but another decisive factor was Ahlsell's desire and ability to be a proactive future partner for the owners of the NEA Group (the Dutch company Imtech N.V.) regarding their Nordic operations within the Electrical and HVAC field.</p>  <p>A final agreement is subject to approval by the Swedish Competition Authority.</p>  <p><strong>For questions relating to this information, please contact Göran Näsholm, CEO, phone +46 (0) 708 23 71 00, e-mail goran.nasholm@ahlsell.se.</strong>&nbsp;<br  />&nbsp;</p>   <p><br  /><em >Ahlsell is the leading technical trading company in the Nordic region for installation products, tools and machinery. Ahlsell offers professionals a wide range of goods and services in the product segments heating &amp; plumbing, electrical, tools &amp; machinery, and refrigeration. The Group has an annual turnover of about SEK 20 billion and some 4,500 employees.</em></p>

<h2>Ahlsell acquires NEA Elmateriel</h2>

Ahlsell acquires NEA Elmateriel

An agreement has been reached with Norwegian company Stream AS wherein Ahlsell sells 100% of the shares in Ahlsell Oil & Gas AS.

The company is a key player in its product field, valves and pipes for the Norwegian offshore oil industry, with an annual turnover of around SEK 350 million, corresponding to about 7% of Ahlsell's operations in Norway.

For some time, we have defined this area as non-core business for Ahlsell. After a number of parties showed great interest in the company, this past autumn we decided to initiate a structured sales process which ultimately ended with Stream AS providing the best overall offer.

Stream AS is a company with a focus on the same market segment, but with other products in its portfolio.

There is much industrial logic to the deal and the company will be better placed to develop, says CEO Göran Näsholm in a statement.

For further information, please contact Göran Näsholm, CEO, phone +46 (0) 708 23 71 00, e-mail goran.nasholm@ahlsell.se. 
 

Ahlsell is the leading technical trading company in the Nordic region for installation products, tools and machinery. Ahlsell offers professionals a wide range of goods and services in the product segments heating and plumbing, electrical, tools and machinery, and cooling. The Group has an annual turnover of about SEK 20 billion and some 4,500 employees.

<p>An agreement has been reached with Norwegian company Stream AS wherein Ahlsell sells 100% of the shares in Ahlsell Oil &amp; Gas AS. </p>  <p>The company is a key player in its product field, valves and pipes for the Norwegian offshore oil industry, with an annual turnover of around SEK 350 million, corresponding to about 7% of Ahlsell's operations in Norway.</p>  <p>For some time, we have defined this area as non-core business for Ahlsell. After a number of parties showed great interest in the company, this past autumn we decided to initiate a structured sales process which ultimately ended with Stream AS providing the best overall offer.</p>  <p>Stream AS is a company with a focus on the same market segment, but with other products in its portfolio.</p>  <p>There is much industrial logic to the deal and the company will be better placed to develop, says CEO Göran Näsholm in a statement.</p>  <p><strong>For further information, please contact Göran Näsholm, CEO, phone +46 (0) 708 23 71 00, e-mail goran.nasholm@ahlsell.se.</strong>&nbsp;<br  />&nbsp;</p>   <p><br  /><em >Ahlsell is the leading technical trading company in the Nordic region for installation products, tools and machinery. Ahlsell offers professionals a wide range of goods and services in the product segments heating and plumbing, electrical, tools and machinery, and cooling. The Group has an annual turnover of about SEK 20 billion and some 4,500 employees.</em></p>

<h2>Ahlsell sells Oil & Gas business</h2>

Ahlsell sells Oil & Gas business

The business has a turnover of close to SEK 200 million, and around 50 employees in seven locations throughout Finland.

Adding further volumes to our existing business within the electrical segment will strengthen our presence and competitiveness in Finland, says Group CEO Göran Näsholm.

The transaction is expected to be finalised shortly and closing date is planned to take place around New Year.

For further information please contact Göran Näsholm, Group CEO, Phone +46 708 23 71 00, email goran.nasholm@ahlsell.se. 
 

Ahlsell is the Nordic region's leading trading company in installation products and tools & machinery. It offers a wide range of products and services to professional users in the segments of heating & plumbing, electrical, tools and machinery, refrigeration and DIY. The Group has an annual turnover of approx. SEK 20 billion and about 4,500 employees.

<div>The business has a turnover of close to SEK 200 million, and around 50 employees in seven locations throughout Finland. </div><br><br><div>Adding further volumes to our existing business within the electrical segment will strengthen our presence and competitiveness in Finland, says Group CEO Göran Näsholm.</div><br><br><div>The transaction is expected to be finalised shortly and closing date is planned to take place around New Year.</div><br><br><div><strong>For further information please contact Göran Näsholm, Group CEO, Phone +46&nbsp;708 23 71 00, email goran.nasholm@ahlsell.se.</strong>&nbsp;<br >&nbsp;</div><br><br> <div><br ><a name="OLE_LINK1" ><i>Ahlsell is the Nordic region's leading trading company in installation products and tools &amp; machinery</i></a><i>. It offers a wide range of products and services to professional users in the segments of heating &amp; plumbing, electrical, tools and machinery, refrigeration and DIY. The Group has an annual turnover of approx. SEK 20 billion and about 4,500 employees</i><em >.<br ></em></div>

<h2>Ahlsell acquires complementing business</h2>

Ahlsell acquires complementing business

Johan Nilsson, 47 years old, will enter into the CEO position for Ahlsell Sverige AB starting August 15th.

Currently, Johan Nilsson is the COO of the Sanitec group, one of Europe's leading players within sanitary products. Before that he was the CEO of IFÖ Sanitär and IDO, the Nordic companies of the Sanitec group.

- It is pleasing that we have succeeded in recruiting a person as well established and knowledgeable as Johan to the Ahlsell group. Johan will, with his 15 years of experience of the Nordic and European Heating & Plumbing trade industry, enhance the competence of the Ahlsell group management within several critical areas, says the current CEO and Group President Göran Näsholm. Sweden is our most important and largest market with more than 12 BSEK in turnover. With this organizational change, where I hand over the operational responsibility for Sweden, more focus can be put on other parts of our operations and further improvements of these, Göran Näsholm ends.

 

For further information, please contact:

Göran Näsholm, CEO and Group President, phone number +46-(0)708-23 71 00.

 

 

Ahlsell is the leading technical trading company in the Nordic countries within installation products, tools and machinery, with operations also in the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Refrigeration and DIY (Do it yourself). The Group has an annual turnover of approximately 2,5 billion Euros and about 5,300 employees.

Pressrelease PDF

<div>Johan Nilsson, 47 years old, will enter into the CEO position for Ahlsell Sverige AB starting August&nbsp;15th. </div><br><br><div>Currently, Johan Nilsson is the COO of the Sanitec group, one of Europe's leading players within sanitary products. Before that he was the CEO of IFÖ Sanitär and IDO, the Nordic companies of the Sanitec group.</div><br><br><div>- It is pleasing that we have succeeded in recruiting a person as well established and knowledgeable as Johan to the Ahlsell group. Johan will, with his 15 years of experience of the Nordic and European Heating &amp; Plumbing trade industry, enhance the competence of the Ahlsell group management within several critical areas, says the current CEO and Group President Göran Näsholm. Sweden is our most important and largest market with more than 12 BSEK in turnover. With this organizational change, where I hand over the operational responsibility for Sweden, more focus can be put on other parts of our operations and further improvements of these, Göran Näsholm ends.</div> <div><b>&nbsp;</b></div><br><br><br><br><br><br> <div><b>For further information, please contact:</b></div> <div><b>Göran Näsholm, CEO and Group President, phone number +46-(0)708-23 71 00.</b></div> <div><i>&nbsp;</i></div> <div><i>&nbsp;</i></div> <div><i>Ahlsell is the leading technical trading company in the Nordic countries within installation products, tools and machinery, with operations also in the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Refrigeration and DIY (Do it yourself). The Group has an annual turnover of approximately 2,5 billion Euros and about 5,300 employees.</i></div>

<h2>Johan Nilsson - new CEO for Ahlsell Sverige AB</h2>

Johan Nilsson - new CEO for Ahlsell Sverige AB

Due to a successively deteriorating market situation, the Ahlsell Group is giving notice to 500 employees. Of the employees concerned, 300 work in the Group's Swedish operations and the remaining 200 are employed primarily in Norway and Finland.

 

"All our main markets have weakened since the end of 2007 and for the next few years we expect significantly worsened sales and market conditions. We are therefore obliged to take measures to adapt the company to the prevailing situation", says Group CEO Göran Näsholm.

 

The personnel reduction corresponds to approximately 10% of the Group's total workforce.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For more information, please contact Göran Näsholm, President and CEO, on +46 08-685 70 48 or +46 0708-23 71 00.

 

Ahlsell is the Nordic region's leading trading company in installation products and tools & machinery, with operations extending to the Baltic States and Russia. It offers a wide range of products and peripheral services to professional users in the segments of heating & plumbing, electrical, tools and machinery, refrigeration and DIY. The Group has an annual turnover of approx. SEK 23 billion and about 5,000 employees.

Press Release

<div><em >Due to a successively deteriorating market situation, the Ahlsell Group is giving notice to 500 employees. Of the employees concerned, 300 work in the Group's Swedish operations and the remaining 200 are employed primarily in Norway and Finland.</em></div> <div><em >&nbsp;</em></div> <div><em >"All our main markets have weakened since the end of 2007 and for the next few years we expect significantly worsened sales and market conditions. We are therefore obliged to take measures to adapt the company to the prevailing situation", says Group CEO Göran Näsholm.</em></div> <div><em >&nbsp;</em></div> <div><em >The personnel reduction corresponds to approximately 10% of the Group's total workforce.</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><em >&nbsp;</em></div> <div><b>For more information, please contact Göran Näsholm, President and CEO, on +46 08-685 70 48 or +46 0708-23 71 00.</b></div> <div><em >&nbsp;</em></div> <div><a name="OLE_LINK2" ></a><a name="OLE_LINK1" ><i>Ahlsell is the Nordic region's leading trading company in installation products and tools &amp; machinery, with operations extending to the Baltic States and </i></a><i>Russia</i><i>. It offers a wide range of products and peripheral services to professional users in the segments of heating &amp; plumbing, electrical, tools and machinery, refrigeration and DIY. The Group has an annual turnover of approx. SEK 23 billion and about 5,000 employees.</i></div>

<h2>Ahlsell gives notice to 500 employees</h2>

Ahlsell gives notice to 500 employees

-Tarvikeykköset is a well-run company with good profitability that complements our activities in Finland. The acquisition strengthens Ahlsell's presence in the Tampere region, Finland's most densely populated area after Helsinki, says Göran Näsholm, President and CEO of Ahlsell.

Tarvikeykköset has one outlet and sells mainly to the industry sector. The former owners will continue to work in the company.

The acquisition is planned to come into force on December 3, 2007.

For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.

  

Ahlsell is the leading technical trading company in the Nordic countries within installation products, tools and machinery, with operations also in the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Refrigeration and DIY (Do it yourself). The Group has an annual turnover of approximately 2,5 billion Euros and about 5,500 employees.

Pressrelease Ahlsell AB

<div><i>-Tarvikeykköset is a well-run company with good profitability that complements our activities in Finland. The acquisition strengthens Ahlsell's presence in the Tampere region, Finland's most densely populated area after Helsinki, </i>says Göran Näsholm, President and CEO of Ahlsell.</div><br><br><div>Tarvikeykköset has one outlet and sells mainly to the industry sector. The former owners will continue to work in the company. </div><br><br><div>The acquisition is planned to come into force on December 3, 2007.</div><br><br><div><strong>For further information, please contact Göran Näsholm, President and CEO, on +46&nbsp;708 23 71 00 or Camilla Weiner, CIO, on +46&nbsp;734 04 70 62</strong>.</div><br><br><div>&nbsp;&nbsp;</div> <div><i>Ahlsell is the leading technical trading company in the Nordic countries within installation products, tools and machinery, with operations also in the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Refrigeration and DIY (Do it yourself). The Group has an annual turnover of approximately 2,5 billion Euros and about 5,500 employees. </i></div>

<h2>Ahlsell acquires distributor of tools and machinery in Finland </h2>

Ahlsell acquires distributor of tools and machinery in Finland

Caroline Sundewall, took an MBA from Stockholm School of Economics in 1980. She has since then worked within the business community (Chase Manhattan Bank in London, Handelsbanken, Ratos) and within the media world, both as a journalist and analyst (Dagens Industri, Affärsvärlden, Sydsvenska Dagbladet, Finanstidningen). In 1999, Caroline Sundewall started to work both as business consultant and as a professional board member.

Today, Caroline Sundewall is a member of the following company boards:

Electrolux Ltd, Haldex, Lifco Ltd, Pagengruppen Ltd, Swedbank and TeliaSonera.

­- It feels pleasant and inspiring that Caroline, with her excellent background, comes into office as a board member of Ahlsell. Ahlsell faces exciting challenges in the near future and Caroline's experience will be of great value for Ahlsell, says Göran Näsholm, president and CEO of Ahlsell AB.

For further information, please contact:

Rolf Börjesson, chairman of Ahlsell, on +44 7770 368 615

Göran Näsholm, President and CEO, on +46 708-23 71 00

Camilla Weiner, CIO, on +46 734-04 70 62

Ahlsell is the leading technical trading company within installation products, tools and machinery in Scandinavia, the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2.5 billion Euro and some 5,000 employees.

Press release (pdf)

<div> <div></div>Caroline Sundewall, took an MBA from Stockholm School of Economics in 1980. She has since then worked within the business community (Chase Manhattan Bank in London, Handelsbanken, Ratos) and within the media world, both as a journalist and analyst (Dagens Industri, Affärsvärlden, Sydsvenska Dagbladet, Finanstidningen). In 1999, Caroline Sundewall started to work both as business consultant and as a professional board member. </div><br><br><div>Today, Caroline Sundewall is a member of the following company boards:</div> <div>Electrolux Ltd, Haldex, Lifco Ltd, Pagengruppen Ltd, Swedbank and TeliaSonera.</div><br><br><div>&shy;- It feels pleasant and inspiring that Caroline, with her excellent background, comes into office as a board member of Ahlsell. Ahlsell faces exciting challenges in the near future and Caroline's experience will be of great value for Ahlsell, says Göran Näsholm, president and CEO of Ahlsell AB.</div><br><br><div></div><br><br><div><b>For further information, please contact:</b></div> <div>Rolf Börjesson, chairman of Ahlsell, on +44 7770 368 615 </div> <div>Göran Näsholm, President and CEO, on +46 708-23 71 00</div> <div>Camilla Weiner, CIO, on +46 734-04 70 62</div><br><br><div><em >Ahlsell is the leading technical trading company within installation products, tools and machinery in Scandinavia, the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2.5 billion Euro and some 5,000 employees.</em> </div>

<h2>Caroline Sundewall appointed as new board member for Ahlsell</h2>

Caroline Sundewall appointed as new board member for Ahlsell

As a result of this acquisition Ahlsell is gaining a foothold within the electrical products sector of the Finnish market. Ahlsell has been active for some time in Finland within the product areas of heating and plumbing, tools and machinery, refrigeration and DIY. The customer base of the acquired companies consists mainly of installers and industrial customers. The companies are independent but have cross ownership and cooperative distribution. There are branches in Helsinki, Kokkola in western Finland and Joensuu in the eastern part of the country.

"In line with Ahlsell's strategy of leadership within our current markets we are now taking the first step in the Finnish electrical products market. We welcome these three profitable and well-managed companies into the Ahlsell Group. Together with Ålands Elcenter acquired in January 2007, we are creating new business opportunities by the acquisitions with Ahlsell's complete product range being represented in Finland"  says Göran Näsholm, President and CEO of Ahlsell.

The acquisition will take effect on 15 August 2007 and will have a positive impact on the Group's result for 2007.

 

For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00, Mika Salokangas, Head of operations Finland on +358 20 584 5000 or Camilla Weiner, CIO, on +46 734 04 70 62..

Ahlsell is the largest technical trading company within installation products, tools and machinery in Scandinavia, the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about EUR 2.5 billion and some 5,000 employees.

<div> <div>As a result of this acquisition Ahlsell is gaining a foothold within the electrical products sector of the Finnish market. Ahlsell has been active for some time in Finland within the product areas of heating and plumbing, tools and machinery, refrigeration and DIY. The customer base of the acquired companies consists mainly of installers and industrial customers. The companies are independent but have cross ownership and cooperative distribution. There are branches in Helsinki, Kokkola in western Finland and Joensuu in the eastern part of the country.</div><br><br><div><i>"In line with Ahlsell's strategy of leadership within our current markets we are now taking the first step in the Finnish electrical products market. We welcome these three profitable and well-managed companies into the Ahlsell Group. Together with Ålands Elcenter acquired in January 2007, we are creating new business opportunities by the acquisitions with Ahlsell's complete product range being represented in Finland"</i> &nbsp;says Göran Näsholm, President and CEO of Ahlsell.</div><br >The acquisition will take effect on 15 August 2007 and will have a positive impact on the Group's result for 2007. <br ></div> <div><br >&nbsp;</div> <div><strong>For further information, please contact Göran Näsholm, President and CEO, on +46&nbsp;708 23 71 00, Mika Salokangas, </strong><b>Head of operations Finland on +358 20 584 5000<strong> or Camilla Weiner, CIO, on +46&nbsp;734 04 70 62.</strong></b>.</div><br><br><div><em >Ahlsell is the largest technical trading company within installation products, tools and machinery in Scandinavia, the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about EUR 2.5 billion and some 5,000 employees.</em> </div>

<h2>Ahlsell enters the electrical products market in Finland</h2>

Ahlsell enters the electrical products market in Finland

"Ahlsell is establishing operations in Latvia through a strategic acquisition of the largest Latvian distributor of electric installation products. Profs is a rapidly growing company, active in product areas well suited for Ahlsell's product range. Establishing the Group in Latvia has been a part of our overall strategy for a while. Accomplishing this goal through acquiring the largest trade company in the sector is gratifying and opens for further expansion opportunities" says Göran Näsholm, CEO and President of Ahlsell.

Girts Vilcins, current Managing Director and co-owner, will remain in his current position.

The acquisition is subject to an approval from the Latvian Competition Authority before closing.

 

 

 

For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.

Ahlsell is the largest trading company within installation products, tools and machinery in Scandinavia, the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2.5 billion Euro and some 5,000 employees.

Ahlsell press release (pdf)

<div><i>"Ahlsell is establishing operations in Latvia through a strategic acquisition of the largest Latvian distributor of electric installation products. Profs is a rapidly growing company, active in product areas well suited for Ahlsell's product range. Establishing the Group in Latvia has been a part of our overall strategy for a while. Accomplishing this goal through acquiring the largest trade company in the sector is gratifying and opens for further expansion opportunities"</i> says Göran Näsholm, CEO and President of Ahlsell.</div><br><br><div>Girts Vilcins, current Managing Director and co-owner, will remain in his current position.</div> <div>The acquisition is subject to an approval from the Latvian Competition Authority before closing.</div> <div><i>&nbsp;</i></div> <div><strong>&nbsp;</strong></div> <div><strong>&nbsp;</strong></div> <div><strong>For further information, please contact Göran Näsholm, President and CEO, on +46&nbsp;708 23 71 00 or Camilla Weiner, CIO, on +46&nbsp;734 04 70 62</strong>.</div><br><br><div><em >Ahlsell is the largest trading company within installation products, tools and machinery in Scandinavia, the Baltic States and Russia. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2.5 billion Euro and some 5,000 employees.</em> </div> 

<h2>Ahlsell acquires market leading Latvian distributor of electric installation products</h2>

Ahlsell acquires market leading Latvian distributor of electric installation products

"Thanks to Satter AS, Ahlsell acquires a strongly positioned company in a growing market. Together with FEB, our existing company in Estonia which is a market leader in the Heating & Plumbing product range, Ahlsell becomes a strong partner for customers in the Estonian industry in general, and for customers in the building trade in particular " says Göran Näsholm, President and CEO of Ahlsell.

 

Madis Puhm, one of the owners of the acquired company, has been appointed Managing Director in the acquired business to assure continued operations under Ahlsell's ownership.

 

The acquisition is subject to approval by the Estonian Competition Authority.

  

For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.

Ahlsell is one of the Nordic region's leading trading companies within installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees. We operate in Sweden, Finland, Norway, Denmark, Estonia and Russia.

Ahlsell, Press Release

<div><i>"Thanks to Satter AS, Ahlsell acquires a strongly positioned company in a growing market. Together with FEB, our existing company in Estonia which is&nbsp;a market&nbsp;leader in the Heating &amp; Plumbing product range, Ahlsell becomes a strong partner for customers in the Estonian industry in general, and for customers in the building trade in particular "</i> says Göran Näsholm, President and CEO of Ahlsell<i>.</i></div> <div><b></b>&nbsp;</div> <div>Madis Puhm, one of the owners of the acquired company, has been appointed Managing Director in the acquired business to assure continued operations under Ahlsell's ownership.<em ></em></div> <div><em ><b></b></em>&nbsp;</div> <div><em >The acquisition is subject to approval by the Estonian Competition Authority. </em></div><br><br><div>&nbsp;&nbsp;</div><br><br><div><strong>For further information, please contact Göran Näsholm, President and CEO, on +46&nbsp;708 23 71 00 or Camilla Weiner, CIO, on +46&nbsp;734 04 70 62</strong>.</div><br><br><div><em >Ahlsell is one of the Nordic region's leading trading companies within installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees.</em> <i>We operate in Sweden, Finland, Norway, Denmark, Estonia and Russia.</i></div>

<h2>Ahlsell acquires leading Estonian tools & machinery distributor </h2>

Ahlsell acquires leading Estonian tools & machinery distributor

"Industripartner is a well established and profitable company. The acquisition strengthens Ahlsell's position in Småland within the product range of Tools & Machinery" says Göran Näsholm, President and CEO of Ahlsell.

Industripartner was founded in February 1992, and is today a distributor of tools and machinery, industrial supplies and merchant steel among other things. The employed owners will continue work in new positions within Ahlsell's sales organisation.

Ahlsell has made more than 40 acquisitions during the last ten-year period, and Industripartner will be Ahlsell's 91st establishment in Sweden.

The acquisition is estimated to take effect on May 2, 2007.

 

For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.

Ahlsell is the Nordic region's largest trading company within installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees. We operate in Sweden, Finland, Norway, Denmark, Estonia and Russia.

Press release Ahlsell

<div><i>"Industripartner is a well established and profitable company. The acquisition strengthens Ahlsell's position in Småland within the product range of Tools &amp; Machinery"</i> says Göran Näsholm, President and CEO of Ahlsell. </div><br><br><div>Industripartner was founded in February 1992, and is today a distributor of tools and machinery, industrial supplies and merchant steel among other things. The employed owners will continue work in new positions within Ahlsell's sales organisation.</div><br><br><div>Ahlsell has made more than 40 acquisitions during the last ten-year period, and Industripartner will be Ahlsell's 91st establishment in Sweden. </div><br><br><div>The acquisition is estimated to take effect on May 2, 2007.</div><br><br><div></div> <div><strong></strong>&nbsp;</div> <div><strong>For further information, please contact Göran Näsholm, President and CEO, on +46&nbsp;708 23 71 00 or Camilla Weiner, CIO, on +46&nbsp;734 04 70 62</strong>.</div><br><br><div><em >Ahlsell is the Nordic region's largest trading company within installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees.</em> <i>We operate in Sweden, Finland, Norway, Denmark, Estonia and Russia.</i></div> 

<h2>Ahlsell acquires Swedish distributor of tools and machinery</h2>

Ahlsell acquires Swedish distributor of tools and machinery

Borst-Anders' product range includes fixing elements, hand tools and industrial clothing. The company's main customers are within the construction sector and its operations are concentrated in the Gothenburg and Malmö regions.

"The acquisition extends Ahlsell's range of tools and machines and adds new customers within our growth segment of construction. Borst-Anders' range is a good complement to our own and also opens up opportunities for coordination gains" says Göran Näsholm, President and CEO of Ahlsell.

As the deal requires the approval of the Swedish Competition Authority, coordination of the companies will start as soon as this is obtained.

 

For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.

Ahlsell is the Nordic region's largest trading company within installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees. We operate in Sweden, Finland, Norway, Denmark, Estonia and Russia.

<div>Borst-Anders' product range includes fixing elements, hand tools and industrial clothing. The company's main customers are within the construction sector and its operations are concentrated in the Gothenburg and Malmö regions. </div><br><br><div><i>"The acquisition extends Ahlsell's range of tools and machines and adds new customers within our growth segment of construction. Borst-Anders' range is a good complement to our own and also opens up opportunities for coordination gains"</i> says Göran Näsholm, President and CEO of Ahlsell.</div><br><br><div>As the deal requires the approval of the Swedish Competition Authority, coordination of the companies will start as soon as this is obtained.</div><br><br><div></div> <div><strong></strong>&nbsp;</div> <div><strong>For further information, please contact Göran Näsholm, President and CEO, on +46&nbsp;708 23 71 00 or Camilla Weiner, CIO, on +46&nbsp;734 04 70 62</strong>.</div><br><br><div><em >Ahlsell is the Nordic region's largest trading company within installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees.</em> <i>We operate in Sweden, Finland, Norway, Denmark, Estonia and Russia.</i></div>

<h2>Ahlsell acquires Swedish distributor of building and industrial supplies </h2>

Ahlsell acquires Swedish distributor of building and industrial supplies

Ahlsell AB acquires the Finnish company TKP-tools. The company is a distributor of Tools & Machinery as well as other industrial products. TKP-tools has a total annual turnover of approximately SEK 150 million and about 45 employees.

"After the acquisition, Ahlsell's total turnover within the product range of Tools & Machinery on the Finnish market will exceed SEK 500 million. We are thus establishing ourselves as the leading sector player on this market too", says Göran Näsholm, President and CEO of Ahlsell.

The customers of TKP-tools are mostly large industrial manufacturers and the company has nine outlets in south-east Finland, in the Helsinki area as well as in Kouvola, Joensuu and Lappeenranta. The company is owned by the Broman Group.

The acquisition will take effect immediately.

 

 

For further information, please contact Göran Näsholm, President and CEO, on +46708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.

Ahlsell is the Nordic region's largest trading company within installation products and Tools & Machinery that offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees.

<div><b>Ahlsell</b><b> AB</b><b> acquires the Finnish company TKP-tools. The company is a distributor of Tools </b><b>&amp; Machinery as well as other industrial products. TKP-tools has a total annual turnover of approximately SEK 150 million and about 45 employees.</b></div><br><br><div><i>"After the acquisition, Ahlsell's total turnover within the product range of Tools &amp; Machinery on the Finnish market will exceed SEK 500 million. We are thus establishing ourselves as the leading sector player on this market too", </i>says Göran Näsholm, President and CEO of Ahlsell.<i></i></div><br><br><div>The customers of TKP-tools are mostly large industrial manufacturers and the company has nine outlets in south-east Finland, in the Helsinki area as well as in Kouvola, Joensuu and Lappeenranta. The company is owned by the Broman Group.</div><br><br><div>The acquisition will take effect immediately.</div> <div><strong>&nbsp;</strong></div> <div><strong>&nbsp;</strong></div> <div><strong>For further information, please contact Göran Näsholm, President and CEO, on +46708 23 71 00 or Camilla Weiner, CIO, on +46&nbsp;734 04 70 62</strong>.</div><br><br><div><em >Ahlsell is the Nordic region's largest trading company within installation products and Tools &amp; Machinery that offers professional users a wide range of goods and peripheral services within the product segments of Heating &amp; Plumbing, Electricity, Tools &amp; Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees.</em><i></i></div>