Alligo AB(1MH.F,ALLIGO-B.ST), a tools and consumable distributor, Tuesday announced that it has signed an agreement and has acquired a 70 percent stake in the Norwegian product media company Respond Profilering & Firmagaver AS on November 3.
However, the financial terms of the agreement were not disclosed.
Headquarted in Stavanger of Norway, Respond together with the subsidiaries have annual sales of approximately 81 Norwegian Kroner million.
"I am pleased to welcome Respond to Alligo. This is our first product media acquisition in Norway, opening up new opportunities. With this acquisition, we now have a truly Nordic offering in this business area, "says Clein Johansson Ullenvik, President and CEO of Alligo.
In the frankfurt market, the shares are trading 0.75 percent lower at 10.64 euros.
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