Inlandsinnovation invests SEK 50m in Branäsgruppen

The investment will see the VC take a minority stake in Branäsgruppen. In addition to Inlandsinnovation's investment, a number of private backers will also participate in a sale of new shares to raise a further SEK 25m, bringing the total capital raised to SEK 75m.

The investment will be used to improve the offerings at Branäsgruppen's resort locations, including new lift pistes, lifts, snow systems, restaurants and hotels. The company expects to increase the total capacity across its locations by 3,000 new beds following the capital injection.

Inlandsinnovation's investment comes a year after it invested SEK 4m in another ski resort, Kittelfjäll.

Company
Branäsgruppen is a Swedish owner and operator of ski resorts. Its ski areas include Branäs, Kungsberget, Vallåsen, 12-Mannabacken and Ånnaboda.

With a 7% share of the Swedish skiing market and SEK 300m in revenues, Branäsgruppen is the second-largest ski company after Skistar, which boasts SEK 1.9bn in revenue from its Swedish and Norwegian resorts.

Branäsgruppen is headquartered in Karlstad and employs a seasonal staff of 650.

People
Peter Gullander is the CEO of Inlandsinnovation.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Expansion
• Consumer
• Sweden