Cinven-backed Coor acquires Euromaint Industry

The transaction gave the company an enterprise value of SEK 100m.

Coor president Staffan Ebenfelt sees the acquisition of Euromaint Industry as an expansion both in terms of services offered and geographical coverage.

Company
Euromaint Industry, previously a subsidiary of Euromaint, provides maintenance services primarily to manufacturers, the paper and pulp industries, and the energy sector. Based in Skövde, Sweden, and with operations in Göteborg, Huskvarna, Stockholm, Åmål, and Vänersborg, it employs around 300 staff. The company recorded a SEK 360m turnover in 2010.

Coor Service Management, based in Stockholm, Sweden, provides facilities management services in offices, production facilities, real estate, and the public sector. It recorded a SEK 6.3bn turnover in 2010 and employs around 4,300 staff.

People
Staffan Ebenfelt is president of Coor Service Management. Nicklas Falk is CEO of Euromaint Industry.

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