# LKAB to acquire 75% of Bergteamet AB

LKAB will acquire 75% of the shares in Bergteamet AB, a mining contractor, pending approval by the Swedish Competition Authority. Bergteamet had sales of SEK 311 million and about 160 employees in 2020.

- Type: Acquisition
- Announced: 2021-06-16
- Where: Boliden, Västerbotten, Sweden
- Status: announced
- Products: rock contracts, excavation work, underground infrastructures
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [LKAB](https://endata.com/companies/17249.md) (acquirer)
- [Bergteamet](https://endata.com/companies/55889.md) (target)

## Sources

- [lkab.com](https://lkab.com/en/press/lkab-becomes-the-new-principal-owner-of-bergteamet-ab/), 2021-06-16: "As part of LKAB's mining strategy at great depths in our underground mines, we see a great need for specialized rock contracts for a long time to come."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.