SWEDEN - Nordic Capital invests in Tradimus

Tine
22 March 2006

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Tradimus has strengthened its owner base with Nordic Capital as co-owner to create a platform for international growth and further development in the European service outsourcing market.

In addition, Volvo Technology Transfer and the two co-founders of the company; Kenth Eriksson and Michael Olsson, remain as owners of Tradimus.

Tradimus is a leading Swedish company within business process outsourcing with 1,000 full time equivalent employees and sales of EUR 120m.

The market for Tradimus products and services is growing quickly. Increasing competition in most industries emphasises the need for increased customer focus and streamlining of processes. Tradimus offers services to companies that are transaction intensive, have a diverse geographical footprint or a fragmented customer base and want to focus their resources on core business. By outsourcing business processes to Tradimus, cost benefits and competitiveness can be achieved in processes outside the customers’ core business.

'Tradimus acts in a very attractive market which we have followed with interest for some time now. Tradimus impressive growth and good profitability is a perfect platform to benefit from the new exciting market that is now developing,' says Anders Hultin, partner at Nordic Capital.