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.
- Industry
- Industrial Services
- Location
- Sweden
- Transaction Type
- Divestiture
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