Following the Agilitas-backed management buyout in 2013, Recover Nordic has experienced strong organic growth and completed 17 add-on acquisitions. Headquartered in
Going forward, EQT will support and further develop Recover Nordic's unique service offering by investing in digitalization and professionalization, drawing on EQT's expertise in these fields. The Company's continued growth focus, both organic and through M&A, will be supported by a board of directors, including members from EQT Network, with significant experience from the services and insurance industries.
Bjørn Herlofsen, CEO of Recover Nordic, commented: "We are excited to partner with EQT, one of the world's most reputable investment organizations, with a strong track record in the services sector. EQT's growth-focused strategy and hands-on ownership approach is a great match for Recover Nordic."
Magnus Tornling, Partner at
The acquisition of Recover Nordic is in line with EQT's thematic approach to invest in the future we want. Guided by the United Nation's
The transaction is subject to customary conditions and approvals and is expected to close in the first quarter of 2020.
With this transaction, EQT VIII is expected to be 65-70 percent invested.
Contact
Magnus Tornling, Partner at
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a differentiated global investment organization with more than
More info: www.eqtgroup.com
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About Recover Nordic
Recover Nordic's first buyout was backed by Agilitas in 2013. Recover is a provider of property remediation and environmental services in the Nordics. The company serves insurance companies, municipalities, industrial and commercial companies, helping end-customers return to everyday life as quickly as possible following property damages and unexpected events. Recover Nordic is headquartered in
More info: www.recovernordic.com
https://news.cision.com/eqt/r/eqt-acquires-recover-nordic--a-leading-provider-of-property-remediation-and-environmental-services,c2986702
https://mb.cision.com/Main/87/2986702/1158851.pdf
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