The board of Momentum Group has decided to proceed with a proposal from the business area Alligo that involves moving TOOLS Sweden's logistics operations to the current logistics center in Örebro. Negotiations with stakeholders will now begin. Other companies within the Momentum Group are not affected by a decision. A final decision can be made when negotiations with stakeholders have been concluded, whereby the financial effects of a possible decision can also be presented.
"We see big advantages and efficiency gains in concentrating this our storage capacity and distribution in one location in Sweden. The number of customers who buy online, in our integrated stores or via other sales processes is increasing all the time. Using one distribution channel rather than two would mean more efficient goods flows and better service to our customers," says Clein Ullenvik, Business Area Manager at Alligo.
The current logistics center in Örebro went live in 2012 and is a modern facility including a large Autostore facility, where capacity was expanded in 2015 and 2020. The entire site was expanded in 2020 and has scope to be further automated.
Stockholm, 16 September 2021
Momentum Group AB (publ)
For further information, please contact:
Clein Ullenvik, Business Area Manager Alligo, tel +46 (0)70 558 84 17The information contained herein is such that the Momentum Group AB (publ) is required to publish pursuant to the EU Market Abuse Regulation. The information provided care of the contact persons above, is embargoed for publication until 8.45 CEST on 16 September 2021.
Momentum Group is a leading reseller of industrial consumables and components, service and maintenance to professional end users in the industrial and construction sectors in the Nordic region. The Group has annual revenue of approximately SEK 9.5 billion and some 2,700 employees. Momentum Group AB (publ) has been listed on Nasdaq Stockholm since June 2017. Read more at www.momentum.group.