Storskogen has entered into an agreement to acquire a majority stake in Fremco

Introduction

Storskogen has entered into an agreement to acquire a majority stake in Fremco, a company specialising in the development and production of fiber blowing machines.

With Fremco’s leading market position, the acquisition is fully in line with Storskogen’s long-term strategy of investing in successful niche companies and supporting strong management teams on a continued growth journey. Current management shareholders and two employees are reinvesting into the new ownership structure where Fremco will be part of Storskogen’s business vertical Products, within the business area Industry. The transaction is subject to usual closing conditions.

Oaklins was engaged by the owners of Fremco as strategic and financial advisor in this transaction.

Oaklins has from day one demonstrated a solid understanding of our industry, and was excellent in conveying the unique characteristics of our business to potential buyers. This effort put us in the great position of having a number of suitors showing strong interest in the company. With Oaklins’ support, we are confident that we have found the right long-term home for Fremco. KIM CARLSEN, CEO – FREMCO

About Fremco

Headquartered in Frederikshavn, Denmark and founded in 1945, Fremco develops, manufactures and markets fiber blowing machines and complementary products used in the infrastructure construction industry for blowing fiber optic cables into telecommunication ducts and micro ducts underground. It is a highly specialised niche company with international sales through more than 30 resellers worldwide.

Read more about Fremco on the website: www.fremco.dk

About Storskogen

Headquartered in Stockholm, Sweden and founded in 2012, Storskogen acquires and develops profitable companies in the Nordic countries, the DACH-region and the United Kingdom within the business areas Industry, Trade and Services. The group consists of around 90 business units with approximately 7,000 employees and a combined turnover of around SEK 19 billion over the last twelve months. Storskogen is listed on Nasdaq Stockholm.

Read more about Storskogen on the website: www.storskogen.com