Monday, July 2, 2012

Tibnor strengthens offer in value added services through acquisition

The Nordic steel distributor Tibnor acquires E.M Eriksson Steel Service Center AB, specialized in high strength steel laser cutting, high definition plasma cutting, shear cutting and bending. EME will be organized as a Tibnor subsidiary and hence a part of the SSAB group.

EME has a solid experience of processing steel and is an important partner in value added services for both Tibnor and SSAB. EME performs specialized services requested by Tibnor customers and complements Tibnor’s internal production facilities.

EME is also a partner in value added services for SSAB in tailored design and custom made solutions. Tibnor secures through the acquisition continuous access to the services performed by EME.

- EME becoming a part of Tibnor feels natural, we have worked together for several years and are together with SSAB their largest customer. EME’s services are also an integrated part of our customer offering in production services. Together we will become even better, Tibnor CEO Mikael Nyquist says.

The acquisition implies no immediate changes for neither the company operation nor the employees.

- EME is our partner for about 50 customers where their production services in combination with our logistic and material solutions are the first steps in our customers manufacturing process. Together we will now further develop the concept, this process begins now, Mikael Nyquist says.

E.M Eriksson Steel Service Center AB is located in Borlänge, Sweden and had during 2011 a turnover of 60 MSEK.

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