Priveq’s NRI bolts on KGC Verktyg & Maskiner

The deal is seen as a complementary addition to Nordic Room Improvement's business, which develops, markets and sells interior, exterior and home improvement products to consumers and professionals.

As part of NRI, KGC's management team will focus on expanding the company's marketing channels and growing into new geographies.

Priveq has owned NRI since a 2012 MBO.

Company
Headquartered in Älvsjö, KGC is a provider of professional tools for bricklaying and tiling purposes. The company was founded in 1950, employs a staff of 23 and generated SEK 80m in turnover last year.

People
Priveq – Johanna Svensson (investment manager).
Nordic Room Improvement – Staffan Jehander (CEO).

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• Topics
• Portfolio management
• Nordics
• Consumer
• Priveq Partners
• Sweden