Bilia acquires an authorized BMW service business in Norway
(WorldNews Sweden)

Bilia has concluded an agreement to acquire Furubakken Bilverksted AS, an authorized BMW service business located southwest of Oslo in Norway. The planned date of possession is on 1 January 2019. Furubakken Bilverksted AS´s turnover in 2017 amounted to about NOK 35 M, with an average operating margin for the last three years of 12.9 per cent. The number of employees is 16. Furubakken Bilverksted AS´s capital employed, plus agreed-on surplus values, amounts to about NOK 18 M. A conditional additional purchase price of max. NOK 4 M may be paid after 2 years dependent on the financial performance of the business. ......