EQT-backed Recover bolts-on SWE Skadeteknikgruppen

The deal is Recover's 23rd acquisition since it was established six years ago, and the third since being acquired by EQT in December 2019.

The company has more than 2,400 employees in more than 100 offices throughout the Nordic region, and annual sales of around SEK 1bn.

Following deal completion, SWE Skadeteknikgruppen will change its name to Recover at the start of 2021.

Company
Founded in 2009 and based in Stockholm, Skadeteknikgruppen is a provider of investigation and contracting activities in the real estate industry, primarily dealing with moisture and indoor environmental problems in buildings.

People
SWE Skadeteknikgruppen – Ulf Gunnarsson (CEO).
Recover – Andreas Tengelin (CEO).

Advisers
Equity – Lindahl (legal).

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• Topics
• Portfolio management
• Nordics
• Industrials
• EQT
• Buy-and-build
• Build-up
• Sweden