Jernbro Acquires Veolia's Swedish Industrial Maintenance Business

September 23, 2019

Jernbro Industrial Services AB has agreed to acquire Veolia Environnement S.A.'s industrial maintenance business in Sweden, taking over operations in Kiruna, Avesta, Sandviken, Norrköping and Gothenburg effective 1 October 2019. The acquired business has over 300 employees and annual sales of about SEK 400 million; the deal increases Jernbro's turnover to SEK 1.4 billion and its headcount to roughly 950.

Buyers
Jernbro Industrial Services AB
Targets
Veolia (Swedish industrial maintenance business)
Sellers
Veolia Environnement S.A.
Location
Sweden
Transaction Type
Divestiture

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