Working with service, repair, sale and maintenance of electronic and mechanical equipment, including electrical motors, generators, pumps, fans, and gives the melting furnaces.
65 employees, workshops in Drammen, Sarpsborg, Skien and Stavanger.
Sales in 2008 (2007) for 69 million. (62.5 million) with profit before tax – 10.7 million (- 14.7 million)
Lønne Group, a leading supplier in the Nordic region of electric motors, frequency controls, provides, transnational missions and ball bearings, and sold last year for 625 million.
After the loss of one million one million deficit has Component Service AS in Drammen received new owners, despite the financial crisis.
Lars Johnsen
DRAMMEN: After the owners have shot in around 50 million now breathes the relief that the new owners take over. Lønne group in Bergen is now with 10 million and takes over 51 percent of the shares. At the same time, debt for 10-12 million written down.
Component Service AS, a former ABB Component Services division, was acquired by the employees 1. March 2002. In February 2005, investment company Energy and Environment Capital AS in as owner, and saved the Component Services from bankruptcy.
CARRIED. But one million losses continued and continued, new money had to be shot into.
- We have worked hard to get into an industrial owner. It has now finally ready, “said Chairman Leif Svarstad in Component Service AS.
In recent years, a lot of money invested in the development and restructuring of the company, but Svarstad estimates that the Energy and Environment Capital has lost between 30 and 35 million in investment.
- No good investment, no, but we have contributed to saving jobs, “says Svarstad.
Acquires 51% in first half
Behind the Energy and Environment Capital’s Skagerrak Energi, the largest owner (35 percent), also owns Skien and Porsgrunn municipalities 15 percent each.
The new owner, Lønne group in Bergen, takes over in the first instance, 51 percent of the company, but will take over 100 percent in the course of one to two years.
- Currently, the acquisition will not be consequences for the employees, but it is natural that the center of gravity is pushed towards Bergen, says Svarstad.
Employee positive
Geir Bakken are representatives of the employees. He is currently on the North Western, where he works on a boat.
- We have a good feeling for this. It is the owner and an industrial owner. We are positive-minded, “says Bakken.
Not least, he thinks it is great to get to such a Eierskifte under the rående conditions.
- It is not exactly the easiest time to get to it, “he says and think about the financial crisis.
For Terje Lønne, Chairman and CEO salary group, it is important that the company now forces itself on the market for service, maintenance and spare parts with this acquisition.
