PE-backed Sortera acquires Vaihtolava

Financial terms of the deal were not disclosed. The deal is Sortera's 13th acquisition since it was established in 2006.

The acquisition will give Sortera a significant presence in Finland. Vaihtolava CEO Hannu Poutiainen will continue to lead the Finnish operations alongside the rest of the management team.

Summa acquired Sortera from Norvestor in 2016. Dagens Industri reported in September this year that Sortera could be sold or listed soon, and that Summa had mandated ABG Sundal Collier to advise on a possible sale, while Carnegie was looking at an IPO.

Dagens Industri also said the process was expected to commence this autumn and the company is reportedly valued at around SEK 3bn (€292m). 

Company
Vaihtolava provides logistics and the sorting of construction materials. It has a strong foothold in the Helsinki region and the southern part of Finland, employs 100 people, and has annual turnover of €18m.

People
Sortera Group – Sebastian Wessman (CEO).
Vaihtolava – Hannu Poutiainen (CEO).

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