Byggmakker announces the acquisition of Gipling AS.
Byggmakker Handel AS, a Trondheim, Norway-based leading operator in the building and home improvement trade, has agreed to purchase Gipling AS, a Norwegian distributor of its services. The financial details remain undisclosed.
Byggmakker is one of the leading operators in the building and home improvement trade in Norway. Byggmakker Handel AS is now strengthening its operations by acquiring the largest Byggmakker retailer Gipling AS.
The acquisition follows the recent acquisition of the second largest Byggmakker retailer Skattum Handel AS, announced on 7 June.
With the acquisition of Skattum Handel AS, announced on 7 June, the Byggmakker chain will now have control over 30 Byggmakker stores, providing even greater potential for growth and increased profitability in Norway.
Gipling AS, headquartered in Steinkjer, operates 19 Byggmakker stores in the counties of Nordland, Nord-Trøndelag, Sør-Trøndelag and Hedmark and employs some 540 professionals around the Trondheim area. In 2017, the company made €5.5 million in operating profit and had net sales of approximately €151 million.