Bravida is acquiring the company Wikblom Hydraulik och Rörteknik AB and thereby strengthening its position in industrial hydraulics and pneumatics in the Gästrikland region. The company has sales of around SEK 40 million and 20 employees.
Wikblom Hydraulik och Rörteknik AB was founded in 1988 and is located in Gästrike-Hammarby. The company specialises in the process industry and is firmly established within its customer base.
One of the company’s current co-owners, Reidar Östman, will retire and the current CEO and co-owner, Roland Wikblom, will remain with the business following its acquisition by Bravida.
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.