Byggmax completed the acquisition of Skanska Byggvaror for SEK936m.

Byggmax, a DIY stores company, completed the acquisition of Skanska Byggvaror, an online based retailer in the do-it-yourself market for refined building material, for SEK936m. "We are impressed by Skånska Byggvaror’s ability to grow turnover over time, while the company has been profitable. We see significant synergies between the companies, mainly that we can benefit from each other's assortments to increase sales. Skånska Byggvaror’s conservatories, which they assemble and sell under their own brand, is their largest category. Conservatories have positioned Skånska Byggvaror as a strong brand that combines good quality with low prices. The market for conservatories is expected to have good growth in the foreseeable future." Magnus Agervald, Byggmax Group CEO.