Funds advised by KLAR Partners Limited (KLAR) are to acquire Sandbäckens, one of Sweden’s leading
Sandbäckens has a market-leading position in many of its local markets with a broad and stable customer base. In 2020 delivered SEK1.45 billion of sales.
“In KLAR, Sandbäckens gets an owner with deep sector experience, and an owner that gives us the right conditions to continue our progress to become the leading company in the industry. We look forward to partnering with KLAR and to access their significant expertise and resources to continue our growth journey,” says Mats Åström, CEO, Sandbäckens.
“Sandbäckens is a typical example of a company that fits well into KLAR Partner’s acquisition strategy. The company offers mission-critical technical installation and service of sprinklers, heating and sanitation, in a resilient and growing market. The company is one of the leading companies in its segment in Sweden and has a strong culture based on clear values that we want to continue to build on. I am convinced that together with the management and employees at Sandbäckens we have the right capabilities to build the Nordic region’s leading technical installation and property services company,” says Fredrik Brynildsen, Partner at KLAR.
Read More at: Private Equity Wire
