Both SKT and FANN offer customized sewage solutions for households not connected to municipal wastewater treatment. Being active in adjacent parts of the market, in Sweden as well as internationally, both companies have leading positions in their respective segments. The companies will continue to operate under their respective brands, however, the combination will introduce a more complete offer towards the customer. The new company will also facilitate significant synergies in both sales and production and will support an acceleration of both companies’ international expansion.
FANN is focused on customized small scale sewage solutions based on passive wastewater treatment technology and operates through wholly owned subsidiaries in Sweden, Finland and Poland, and through partners in several other European countries. FANN has its own manufacturing facilities in Sweden and Poland. SKT specializes in customized pressurized sewage solutions that connect to the municipal wastewater treatment network and operates through wholly owned subsidiaries in Sweden, Norway and Finland, and through a partner in Denmark.
“SKT has successfully worked with wastewater solutions in rural and transitional areas for more than 40 years. With FANN as part of the group, our offering of effective solutions is strengthened also outside of the ‘municipal reach’. For our customers, this will result in a more comprehensive product and service offering where the best of both companies is brought forward, creating an even stronger combined entity.” says Torbjörn Jansson, CEO of SKT.
“Both SKT and FANN are leaders in their respective market segments. Together, we achieve an even stronger customer offering, opening up for new mutual opportunities and creating a solid platform for future expansion. The new group has many exciting growth initiatives which I look forward to continue working with” says Johan Hedin, Chairman and principal owner of FANN.
“We are very excited about the merger of SKT and FANN and we see strong industrial logic in the combination. The companies complement each other exceptionally well, both in terms of customer offering and geographic presence. Through the transaction a larger player is created with a leading position in the Nordic region within intelligent and environmentally based solutions. As the principal owner, Litorina looks forward to working with the Board and management in supporting the continued development of the group “, says Jörgen Ekberg, Managing Partner at Litorina Capital Advisors, investment advisor to Litorina IV.
Litorina IV, the principal owner of SKT, remains the majority shareholder in the newly formed group. Former owners and key personnel in both SKT and FANN are, together with the members of the board, considerable shareholders alongside Litorina IV.