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Unquote
  • Buyouts

SWEDEN - FSN acquires four landscaping services companies

  • Rikke
  • 06 August 2009
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Norwegian private equity firm FSN Capital Partners has via its third fund acquired four Swedish landscaping services companies, Sjunnesson, Jungs, Qbikum and ISS Landscaping, with combined 2009 revenues of SEK 550m.

The companies develop and maintain outdoor green areas. Its clients include municipalities, real estate companies, tenant owner associations and corporates.

The largest entity in the new group, ISS Landscaping, was founded in 1992 and currently employs some 500 people.

The landscaping services market is Sweden is estimated to be worth SEK 10m, with an annual growth of 10-15% in the past few years.

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