Litorina and Bragnum Invest enter into an agreement to acquire Sandbäckens. The transaction is conditional on external financing and is expected to be completed by the beginning of April.
For further information, please contact:
Paul Steene, +46 709 310 332 – Partner, Litorina
Lars Österberg, +46 702 77 23 10 – Founder, Bragnum Invest
Sandbäckens is one of Sweden’s leading providers of installation and service of heating & sanitation and sprinkler solutions. Today, the group consists of 26 operating subsidiaries in more than 20 locations around Sweden, which have a combined turnover of SEK ~1.4 billion and around 800 employees. For more information, please visit www.sandbackens.se.
Litorina, founded in 1998, focuses on acquiring and developing companies together with their management teams. Litorina offers broad and deep expertise both via its own organization and through its network of industrial advisors, helping companies to accelerate growth. For more information, please visit www.litorina.se.
BragnumInvest is a Swedish-based investment firm focused on investing in Nordic small and medium-sized companies. The focus lies on creating significant and lasting values through a clear agenda and strong collaboration with other owners and key employees. The team has significant experience from the installation industry.