Bravida acquires the company Bäckmans Rör AB and thereby strengthens its position in service and installation for industrial piping in central Sweden. The company has annual sales of SEK 52 million and 26 employees.
Bäckmans Rör AB was founded in 1978 and provides service and installation relating to industrial piping. The business is based in Karlskoga and mainly operates in central Sweden, but carries out assignments throughout the country. Its customer base consists of companies in the pharmaceutical industry and water utilities.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.