Release
February 9, 2015

Onninen AS acquires TM Christensen VVS Detaljer in Norway
 
In accordance with the contract of sale, signed on December 22, 2014, Onninen AS – the daughter company of Onninen Oy in Norway – acquires all shares in the TM Christensen VVS Detaljer AS (TMC).

TMC operates as a supplier of HEPAC products and a partner for customers in the professional retail market in Norway. The company was established in 1984.

“This acquisition will give Onninen more expertise and market knowledge,
as well as provide a broader customer base and product portfolio”, says Endre Espeseth, Managing Director of Onninen AS. According to CEO of TMC Trond Christensen this provides an opportunity to have right conditions to further strengthen its position as a solid player in its niche area, and also with the opportunity to invest to ensure future development.
 
FURTHER INFORMATION:
Endre Espeseth, Managing Director, Onninen AS, tel. +47 909 27 952
Tuomo Väänänen, Senior Vice President, Onninen Oy, tel. +358 204 85 5458


INFORMATION ABOUT ONNINEN:Onninen provides comprehensive material and information flow solutions to contractors, industry, public organizations, technical product retailers and suppliers. We are a Finnish family-owned company and have operated in the industry since 1913. We have 2,900 employees in our Finnish, Swedish, Norwegian, Polish, Russian and Baltic operations. Our net sales for 2013 totalled EUR 1.5 billion.
www.onninen.com