Ernstromgruppen AB, the Sweden based industrial investment company, has acquired 75% of the shares in Tubman AB, the Sweden based supplier of niche and specialty products in the water and plumbing sector for the Nordic market, while the current owners will remain as minority shareholders and all employees will continue to work in the company. The company will be part of the Water & Energy business area.
Target – Tubman aktiebolag
Buyer – Ernströmgruppen AB
Seller – Shareholders