Litorina-backed Pahlén acquires Pool-guard

The value of the transaction has not been disclosed, but it did not require a capital injection from Litorina.

Pahlén CEO Hans Ericson commented that the acquisition is seen as part of the company's long-term strategy and will fill a gap in its product range as a swimming pool equipment provider.

Company
Pool-guard provides safety covers for swimming pools mainly to private customers. The product prevents drowning and is claimed to reduce heating costs by up to 80%. Around 15,000 Pool-guard covers have been installed to date. Founded in 1973 and based in Järfälla, Sweden, the company employs four staff and recorded a SEK 3.8m turnover in 2010.

Pahlén, founded in 1967, manufactures and distributes swimming pool equipment. The company exports 70% of its production to around 50 countries. The company was acquired by Litorina in 2007, employs 46 staff and has a turnover of SEK 121m.

People
Managing partner Harold Kaiser is responsible for Litorina's investment in Pahlén. Hans Ericson is CEO of Pahlén.

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• Topics
• Nordics
• Portfolio management
• Consumer
• Sweden