Tag Archives: Industrie

EQT Infrastructure enters exclusive negotiations to acquire a majority stake in Trescal, a global leader in calibration laboratories

eqt
  • EQT Infrastructure enters exclusive negotiations to acquire a majority stake in Trescal, a global leader in calibration laboratories, from OMERS
  • Trescal provides essential and regulated calibration services via a network of more than 380 laboratories, for testing and measurement equipment in transport, healthcare, telecom, and other sectors
  • EQT Infrastructure will support the continued development of Trescal and its pursuit of growth opportunities in current and new markets, drawing on EQT’s global footprint, industrial DNA and extensive experience in the Company’s key end-markets such as telecom and healthcare

EQT is pleased to announce that the EQT Infrastructure V (“EQT Infrastructure”) fund has entered exclusive negotiations to acquire a majority stake in Trescal (the “Company”) from Ontario Municipal Employees Retirement System (“OMERS”), which will remain a minority investor alongside EQT Infrastructure.

Headquartered in Paris, France, Trescal is a global leader in calibration laboratories providing essential and regulated calibration services for testing and measurement equipment in a diverse range of critical end-markets such as transport, healthcare, telecom and other sectors. Formerly part of Air Liquide and established as an independent company in 2007, Trescal is today one of the world’s largest owners and operators of third-party calibration laboratories with a global network of more than 380 facilities spanning 29 countries. The Company employs 4,400 people and has an annual turnover of around EUR 450 million.

Trescal provides mission-critical and regulated calibration testing to ensure that the quality of essential products meets the most stringent requirements. The demand for its solutions are underpinned by clear industry trends including the increasing number and complexity of testing and measurement instruments, as well as more stringent quality and regulatory standards. Investment in Trescal provides strong resilience towards macroeconomic headwinds due to the mandatory, time-based rather than volume-based service, the recurring nature of its offering, and its loyal customer base.

EQT Infrastructure will support the continued development of Trescal and its pursuit of growth opportunities in current and new markets, drawing on EQT’s global footprint, industrial DNA, and extensive experience in the Company’s key end-markets such as transport, telecom and healthcare. Moreover, EQT will support Trescal in further digitizing its operations, employing EQT’s in-house expertise and global track record of developing strong companies within the technology sector.

Christoph Balzer, Partner within EQT Infrastructure’s Advisory Team, said: “EQT Infrastructure has followed Trescal for a long time. We are deeply impressed by the management team’s achievements in  creating a global leader in calibration laboratories with a differentiated one-stop-shop offering to serve its customer’s requirements. We believe EQT’s track record of building global companies, industrial DNA, and value-add approach strongly positions us to support the Company in its next phase of growth.”

Thomas Rajzbaum, Managing Director and Head of EQT’s French Infrastructure Advisory Team, added, “Trescal provides mission-critical services to its industrial customers in essential end-markets that are experiencing increasingly stringent requirements. We look forward to further strengthening Trescal’s market position through increased investment in the breadth of its laboratories’ capabilities and footprint, commercial excellence, sustainability and cutting-edge digitization.”

Guillaume Caroit, CEO of Trescal, said: “We at Trescal are very keen to welcome EQT as our new owner and look forward to benefiting from the capabilities and experience EQT offers. We are confident that together with EQT Infrastructure we have the right partner to drive the next phase of our global growth, further cement our leading market position, and continue to best serve our clients.”

The acquisition of Trescal is EQT Infrastructure’s third investment in France after the European operator of nursing home facilities Colisee, and the French water services management company SAUR.

The transaction is subject to the consultation process or information of the Employee Representative Bodies, as well as antitrust and potential foreign investment clearances. It is expected to close in H1 2023.

With the acquisition of Trescal, EQT Infrastructure V is expected to be 80-85 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication), subject to customary regulatory approvals.

Contact

EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT

EQT is a purpose-driven global investment organization with EUR 114 billion in assets under management within two business segments – Private Capital and Real Assets. EQT funds own portfolio companies and assets in Europe, Asia-Pacific and the Americas and support them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Trescal

Trescal is a global leading operator of calibration laboratories. It offers an array of industries a single-source solution for calibration, measurement, repair, qualification, validation and asset management across the globe. Its technicians and experts carry out accredited and non-accredited calibrations for all measured variables and measuring instruments in all technical domains, whether physical, electrical or mechanical. Trescal’s 4,400 team members perform more than 3.3 million operations per year, including 27,000 repairs across 150,000 types of instruments and 20,000 brands. 

More info: www.trescal.com

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Ratos company Aibel gets billion NOK assignment at Aasta Hansteen

Ratos

2022-11-29

Aibel has by Equinor been awarded a billion NOK contract for extensive modifications and preparation of the Aasta Hansteen platform for tie-in of the Irpa field (previously Asterix). Aibel describes the contract as ’large’ ‒ a term used by Aibel when it comes to agreements in the order of NOK 1.5-2.5 billion.

Management and engineering will be carried out from Aibel’s office in Stavanger with the support of the offices in Oslo and Singapore. The project will employ a maximum of 200 people. In addition, the project will exploit synergies with Aibel’s existing maintenance and modification contract for Aasta Hansteen, which is led by the Harstad office. Prefabrication and module assembly will take place at Aibel’s yards in Haugesund, Norway and Thailand.

The EPCIC contract (Engineering, Procurement, Construction, Installation and Commissioning) was an option when Aibel last year was awarded the FEED contract (Front End Engineering and Design) to plan the modifications in detail.

“This contract together with the extension of the agreement for Johan Sverdrup means that Aibel has received two billion contracts with Equinor in a short time. It is proof of the companies’ good cooperation and strong relationship. Aibel plays an important role in the energy supply of the future,” says Christian Johansson Gebauer, member of the Board of Directors of Aibel and President, Business Area Construction & Services, Ratos.

“The contract award is an acknowledgment to the organisation that has worked with the FEED. At the same time, it confirms Aibel’s leading position in modifications of infrastructure on the Norwegian continental shelf. We have a long history as main supplier within this area and look forward to providing an integrated solution in close cooperation with Equinor,” says Mads Andersen, President and CEO of Aibel.

Engineering work starts immediately, while the first offshore activities are expected already during February 2023. The project is expected to be completed in 2026.

For further questions, please contact:
Josefine Uppling, VP Communication, Ratos
+46 76 114 54 21, josefine.uppling@ratos.com

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 28 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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KKR BRINGS TOGETHER BETTCHER INDUSTRIES AND FRONTMATEC TO BUILD A GLOBAL LEADER IN PROTEIN PROCESSING AUTOMATION

KKR

NEW YORK – November 10, 2022 – KKR, a leading global investment firm, and Bettcher Industries (“Bettcher”), a KKR portfolio company, today announced that Bettcher has completed the acquisition of Frontmatec, a global manufacturer of end-to-end automated solutions for pork and beef processing with world-class robotics capabilities. Frontmatec will join Bettcher, a leading manufacturer of protein processing equipment, to form a global market leader in protein processing automation.

The acquisition of Frontmatec represents an important step in building a diversified, scaled platform of food processing automation technologies with best-in-class capabilities to serve customers globally. Frontmatec’s leading robotics, vision systems, intelligent software and other capabilities as well as its global footprint and strong presence in Europe, are highly strategic and complementary to Bettcher’s leading focus on semi-automated protein processing tools and automated poultry processing systems.

Dan Daniel, Executive Advisor at KKR and Chairman of Bettcher, said, “We are excited to establish and build a platform that brings together two great companies who share a common vision of solving their customers’ problems in the protein processing automation space. From a strategic standpoint, the acquisition will allow us to invest in even greater innovation that helps our customers achieve enhanced productivity, automation and worker safety on a global scale. We are excited to continue building on the platform from here.”

As part of a KKR-owned platform, Bettcher and Frontmatec will continue to operate independently under their existing brands and leadership teams. The companies expect to collaborate on sharing best practices and driving future innovation and product development. They will also explore further strategic acquisition opportunities, including bringing additional businesses with leading brands into the platform.

Frontmatec CEO, Allan Kristensen, said, “Bringing the strengths of our companies together will enable us to deliver special innovation to the market. Culturally, our two companies are a great fit as we share the same passion for customer focus, developing high-quality solutions that will meet the accelerating global demand for higher yields in production as well as improved food quality and worker/people safety.”

The employee engagement program established by KKR will be extended to all Fontmatec employees. A key pillar of the program is allowing all employees to take part in the benefits of ownership by granting them the opportunity to participate in any equity return alongside KKR.

KKR’s investments in Bettcher and Frontmatec were made through its North America Fund XIII.

About Frontmatec
Headquartered in Kolding, Denmark, Frontmatec is a leader in end-to-end automated solutions for the red meat processing industry. Frontmatec serves customers worldwide through its global manufacturing and service footprint, including many of the world’s largest red meat processors. It is a full-line supplier of processing equipment, parts and services, instruments as well as controls software, which help solve key issues pertaining to yield, health and safety, animal welfare, food quality and more. For more information, please visit https://www.frontmatec.com/en.

About Bettcher Industries
Headquartered in Birmingham, Ohio, Bettcher is a leading developer and manufacturer of innovative equipment in the food processing and medical device industries. The Bettcher portfolio includes the following: Bettcher, a designer and manufacturer of handheld trimmers, tools, and cutting consumables for all protein applications; Cantrell-Gainco, a manufacturer of processing equipment and yield enhancement and yield tracking systems for various protein operations; ICB Greenline, an aftermarket replacement parts and services company focused on poultry processing; and, Exsurco Medical, a leading-edge medical device company that provides innovative products and services to transform surgical grafting, debridement, and recovery outcomes for patients with burn and trauma wounds. For more information, please visit https://www.bettcher.com/en

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

 

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Sun Capital affiliate sells Allied Glass

Sun Capital
  • Leading manufacturer of glass packaging containers for the premium food and drinks market sold to Verallia Group
  • First Fund VII exit

BOCA RATON, Fla. – November 8, 2022 – Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that an affiliate has sold Allied Glass (“the Company” or “Allied”) to Verallia Group (“Verallia”) (ENXTPA: VRLA), the third largest producer of glass packaging for beverages and food products globally, headquartered in France, for a total enterprise value of £315 million. The sale of Allied marks the first Fund VII exit. Sun Capital was advised by its European affiliate, Sun European Partners, LLP, in connection with this transaction.

Established in 1874 and headquartered in Leeds, UK, Allied is the leading UK-based manufacturer of glass packaging containers for the premium spirits, food and drinks markets. It specializes in shorter production runs for bespoke premium bottles which are manufactured to order.

“Allied is an outstanding business with an exceptional management team. Since 2019, we have worked with management to execute on several operational improvement opportunities, including ESG-friendly product innovation, SKU reporting and a significant CapEx program enhancing plant utilization,” said Paul Daccus, Managing Director of Sun European Partners. “Our work with Allied Glass underlines Sun Capital’s commitment to partnering with outstanding management teams to drive value creation. This sale has allowed us to achieve a very successful outcome for the Company and our investors, and we’re confident that Allied Glass will continue to go from strength to strength as part of Verallia, a global leader in glass manufacturing.”

Since an affiliate of Sun Capital acquired Allied in December 2019, value creation was accelerated through product innovation, and increasing recycled content in glass production, bolstering the ESG profile. The Company also introduced activity-based, product level costing platforms to enhance commercial and operational decision making and cost savings. Furthermore, a capex program for a new facility increased capacity and manufacturing efficiency. Each of these initiatives expanded the company’s market share and profitability, growing EBITDA significantly.

“Our partnership with the Sun European team has been a great success and today Allied Glass is a market leader in its field, with impressive technical capability and a flexible, customer-focused approach,” said Alan Henderson, CEO of Allied Glass. “Our shared values and focus on delivering a customer-first strategy, combined with Sun European’s operational knowledge and deep manufacturing expertise, have allowed us to transform and grow the business over the last 2-3 years and create further value through innovation and internal development.”

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Acquisition of Control Mechatronics expands E.GRUPPE’s product range and continues its growth trajectory

GIMV

07/11/2022 – 08:30 | Portfolio

Gimv portfolio company E.GRUPPE, which already includes Klotter Elektrotechnik GmbH, has acquired Control Mechatronics GmbH in Nidderau near Frankfurt/Rhein-Main, Germany. This acquisition will allow E.GRUPPE to expand its product range in industrial electrical process measurement and control technology as well as in project planning and engineering of industrial process automation. Control Mechatronics’ shareholders and founders Michael Kopf, Peter Gareis, Roland Lauk and Axel Hoch will become shareholder of E.GRUPPE as part of the transaction. In addition, Michael Kopf and Axel Hoch will support the group on its growth journey in a consultative role. 

E.GRUPPE’s goal is to become a full-service provider in all electrical engineering fields in order to offer customers a holistic and future-oriented solutions portfolio from a single source. In 2021, the European investment company Gimv took a majority stake in Klotter Elektrotechnik GmbH, which was established in 1997 (www.klotter.de). E.GRUPPE emerged from this partnership  with entrepreneur and founder Werner Klotter. In addition to the existing business in the area of production of customized transformer stations, electrical distribution and control boards, as well as building technology, Control Mechatronics is particularly strengthening the area of automation solutions for industrial processes, including automation projects for safety-relevant and certificate-related automation services, such as those used in nuclear power plants or for the production of control units in the medical field of proton therapy. Control Mechatronics is present at three sites: its main location in Nidderau and branches in Lörrach and Ravensburg.

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Aurora Capital Partners Acquires Leading High Pressure Processing Provider Universal Pure

Aurora Capital

LOS ANGELES, Nov. 2, 2022 /PRNewswire/ — Aurora Capital Partners (“Aurora”), a leading middle-market private equity firm, today announced that it has acquired Universal Pure Holdings, LLC (“Universal Pure” or the “Company”), the largest independent provider of high pressure processing (“HPP”) and related food safety and technical services for cold chain-oriented human and pet food customers.  Terms of the transaction were not disclosed.

Founded in 2001, Universal Pure is the HPP partner of choice to food, beverage, and pet food manufacturers in North America and pairs that leadership position with an unrivaled suite of value-added services, including cold storage, bottling, kitting and assembly, dry aging, tempering, and inventory management.  HPP is a unique technology that utilizes water and pressure to inactivate food-borne pathogens without the use of chemicals or other additives while also dramatically extending product shelf life without compromising nutritional value, taste, or texture.  The Company’s footprint includes eight facilities positioned nationwide across major shipping lanes and distribution centers in the U.S.

“Universal Pure has an exceptional track record of growth built around a culture of customer service,” said Randy Moser, Partner at Aurora.  “Best-in-class service and a long-tenured track record combined with the largest footprint in North America uniquely positions Universal Pure in a rapidly growing industry.  We see significant opportunity to build on that position and the Company’s success and look forward to accelerating growth through organic expansion and its experienced acquisition program.”

“Universal Pure is an ideal match for the Aurora program,” said Mark Rosenbaum, Partner at Aurora.  “Jeff and his team have built an impressive platform, and we are excited to capitalize on the significant runway that the business has through new and existing relationships with blue chip customers.  We are thrilled to be chosen as Universal Pure’s partner at an exciting time in its evolution.”

“Aurora has a well-deserved reputation of partnering with management teams to help accelerate growth,” said Jeff Williams, CEO of Universal Pure.  “We are confident they are the right partner for Universal Pure at this stage of its development, and with their partnership, we are excited to continue adding to the solutions we offer our customers and to execute on our many growth initiatives.”

This transaction marks the eighth investment from Aurora Equity Partners VI, which was activated in September 2020.  It follows several recent Aurora investments within the broader Industrial Technologies sector, including Pace, Spray-Tek, Cold Chain Technologies, and Inhance Technologies.

William Blair and Houlihan Lokey served as financial advisors and Mayer Brown LLP served as legal advisor to Universal Pure on the transaction. Harris Williams served as financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to Aurora.  Twin Brook Capital Partners led the debt financing in support of the transaction.

About Aurora Capital Partners
Aurora Capital Partners is a leading private equity firm focused principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors. Aurora’s investors include leading public and corporate pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Partners, visit: www.auroracap.com.

About Universal Pure
Universal Pure is the market leading provider of outsourced high pressure processing, food safety & technical supply chain services across the cold chain that ensure the safety and nutritional value of food & beverage products.  The company is the largest independent provider of high pressure processing in North America.  Universal Pure operates 20 HPP machines across a strategic facility network of locations in California, Connecticut, Georgia, Nebraska, Ohio, Pennsylvania, and Texas.  Through its facility footprint, totaling 1.1 million square feet, Universal delivers an integrated solution and is a trusted partner in HPP, refrigerated and frozen storage, beverage bottling, kitting and assembly, tempering, and other value-added cold chain services.  Learn more at http://www.universalpure.com.

Aurora Media Contact
Taylor Ingraham / Harriet Hartman
ASC Advisors
203-992-1230
tingraham@ascadvisors.com / hhartman@ascadvisors.com

SOURCE Aurora Capital Partners

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Borromin acquires a stake in EBERLE

Borromin

Frankfurt am Main, November 2022. As part of a management buy-out Borromin Capital Fund IV has acquired a stake in Eberle Controls GmbH (EBERLE). The parties have agreed not to disclose the terms of the acquisition.
EBERLE is a leading German provider of innovative heating and air conditioning solutions for private households as well as public and commercial buildings. The company’s focus is on energy efficient temperature control and the technical electric installation products required for this. From its site in Nuremberg the company covers the entire value chain from R&D and component procurement to assembly, testing, sales, warehousing, and after-sales services. Together with EBERLE’s management, who acquired a stake in the company as part of the transaction, Borromin will support the geographical expansion of the company and the ongoing strategic development of the group and its employees.
Marco Bernecker, Managing Partner at Borromin: “EBERLE’s business development has been impressive. We were convinced by its management’s passion for high-quality, innovative, and sustainably produced products. Due to the increasing importance of energy-saving solutions in the field of heating and air-conditioning technology and with its more than 90 years of expertise in temperature control, we believe that the company is very well positioned. We are convinced that EBERLE will have excellent growth opportunities in the future, both organically and through acquisitions.”
Norddeutsche Landesbank supports the transaction with acquisition financing and a working capital facility.

EBERLE
EBERLE was established in 1932 as a specialist for industry relays. Since then, the company has developed a strong focus on temperature control solutions and is today the market leader for innovative heating and air conditioning solutions in Germany. With a product range of approximately 560 products,
the company and its 160 people serve both OEMs as well as electrical and plumbing wholesalers. EBERLE’s customers especially appreciate the high quality and reliability of their products which undergo a fully automated inspection and testing process prior to shipment.

BORROMIN
Borromin is an independent private equity company focusing on medium-size businesses within German speaking Europe and Benelux countries. Funds initiated and advised by Borromin invest in mid-size companies providing equity for succession issues, management buy-outs and also provide capital for growth opportunities. Borromin was founded in 2001 and follows a successful, value-oriented strategy of investments in profitable companies in various sectors.
Borromin Capital Fund IV (Borromin Capital Fund IV SCS, SICAV-RAIF) benefits from the financial backing of the European Union under the European Fund for Strategic Investments (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

CONTACT
Regarding this transaction
Marco Bernecker Dr. Marc Schilling
Managing Partner Investment Professional / Prokurist Borromin Capital Management GmbH Borromin Capital Management GmbH
+49 69 50685-250 +49 69 50685-310
bernecker@borromin.com schilling@borromin.com

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KKR Completes Sale of Minnesota Rubber and Plastics

KKR
October 27, 2022

All 1,450+ employees across six countries are receiving substantial cash payouts for their ownership in the Company

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that KKR has completed the previously announced sale of Minnesota Rubber and Plastics (“MRP” or “the Company”), a leading provider of materials science-based elastomer and thermoplastic solutions, to Trelleborg Group (“Trelleborg”), a leader in engineered polymer solutions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221027005930/en/

All of MRP’s more than 1,450 employees across six countries and four U.S. states, including hourly manufacturing production, technical and administrative employees, are receiving substantial cash payouts in connection with the closing as a result of the employee ownership plan implemented by KKR in 2018. Payments vary based on tenure and employment status, with employees who joined MRP in late 2018 and 2019 receiving payouts on average equivalent to over 12 months of annual income and longer-tenured employees receiving up to twice as much.

“I am incredibly proud of the entire MRP team’s accomplishments throughout our time together,” said Josh Weisenbeck, Partner at KKR who leads KKR’s Industrials private equity team. “With Trelleborg, MRP will continue to have an employee-centric culture, and we are looking forward to seeing their many successes to come.”

Along with the sale and substantial cash payments made to employee owners, MRP employees are also receiving access to pre-paid personal financial coaching and tax preparation services. Financial planning advice is being provided by Goldman Sachs Ayco Personal Financial Management in the U.S. and by RSM Global for international employees. Deloitte is providing tax services globally.

Since 2011, KKR has implemented broad-based employee ownership and alignment programs, first pioneered by KKR’s U.S. Industrials private equity team and more recently expanding across all control investments within KKR’s Americas Private Equity franchise. To date, KKR has awarded billions of total value through broad-based equity programs to over 45,000 non-senior employees across over 25 companies. KKR currently has 30 portfolio companies with ownership programs. In April 2022, KKR joined more than 60 leading organizations in becoming a founding partner of Ownership Works, a nonprofit created to support public and private companies transitioning to shared ownership models.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Miles Radcliffe-Trenner and Emily Cummings
212-750-8300
media@kkr.com

Source: KKR

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With the support of Gimv, Groupe Claire acquires E.I.E. from Sade, a subsidiary of Veolia

GIMV

18/10/2022 – 07:30 | Portfolio

Specialist in the supply of equipment and solutions for drinking water networks, Groupe Claire, in which the investment company Gimv became the majority shareholder in December 2018, is accelerating the development of its traditional product range with the acquisition of Equipement Industriel Européen (“E.I.E.”) from Sade, a subsidiary of the Veolia Group. By taking this new step, Groupe Claire, which has been growing steadily for several years, is strengthening its position as market leader in France.

Groupe Claire (www.groupe-claire.com) designs, develops and supplies solutions for equipment for metering, connection and control of drinking water networks. The group, which places the preservation of water resources at the heart of its concerns, has both :

  • a range of equipment for the construction, maintenance and repair of water distribution networks (home connection, connection, metering environment, equipment, operating tools) and irrigation networks via its Sainte-Lizaigne brand references and Hydroméca;
  • a range of products and solutions designed to improve network performance (diagnosis, monitoring, leak detection, remote control) with its Fast, Ijinus and Wayve brands.

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Ratos company airteam acquires Grundströms Plåt i Kiruna

Ratos

Grundströms Plåt i Kiruna is a profitable ventilation company and sheet metal workshop. The company carries out ventilation projects in renovations, expansions and new construction for companies in the mining industry as well as for construction projects and existing properties. The acquisition has expanded airteam’s geographic presence and customer base, thereby broadening its offering to the industry.

The acquisition is in line with the Nordic ventilation giant airteam’s strategy to strengthen its presence in the Swedish market, and is in line with Ratos’s acquisition strategy, in which both smaller and larger add-on acquisitions in existing companies play an important role.

“airteam is continuing its journey of growth in Sweden, and with this acquisition it is taking an additional step towards the goal of being the Nordic region’s leading specialist in ventilation projects. It’s particularly exciting that the Ratos companies SSEA and NVBS, which operate in construction and infrastructure maintenance, respectively, already operate in the region. This will allow airteam to hit the ground running with excellent partnership opportunities,” says Christian Johansson Gebauer, Chairman of the Board of airteam and President, Business Area Construction & Services, Ratos.

“This acquisition is strategically important for airteam. We are convinced that there is a clear opening in the Swedish market for a leading, modern and sustainable ventilation company like airteam,” says Poul Pihlmann, President and CEO, airteam.

About airteam
airteam is a Nordic supplier of climate and ventilation solutions, with a market-leading position in the Danish home market and strong growth in the Swedish market. At airteam, value is created through a customer-oriented corporate culture with talented and dedicated employees who maintain strong relationships with customers and suppliers. Ratos is the majority owner.

For further information, please contact
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Poul Pihlmann, President and CEO, airteam, +45 40 64 09 71

About Ratos
Ratos is a business group consisting of 15 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 26 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

 

 

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