Storskogen acquires Scandia Steel
Stockholm, 3 May 2021 – Storskogen has acquired the majority of the shares in Scandia Steel. The company is a leading Scandinavian supplier of steel pipe piles in foundation and foundation reinforcements.
Scandia Steel AB has 94 employees and a turnover of approximately SEK 400 million. The company’s product development and sales take place via the head office in Stockholm, while manufacturing and product testing take place in Kretinga, Lithuania. Thorulf Hamfors, the CEO of Scandia Steel, and will remain in his operational role after the acquisition.
“We are pleased to have Storskogen as a financially strong and long-term main owner. We look forward to continuing to operate and develop the company together with Storskogen, our suppliers and customers”, says Thorulf Hamfors, CEO of Scandia Steel.
With a strong focus on product development, Scandia Steel has established a comprehensive product range with piles adapted to all soil and base types. With the market’s largest product range, the company can offer tailor-made solutions for customers’ specific wishes.
The company will be part of Storskogen’s business area Industry, which is led by Frederik Bergegård.
“We are very pleased to have acquired Scandia Steel. It is a well-run company in an exciting industry with a very strong position in the market, a profitable business model, high competence and long-term relationships with its suppliers and customers”, says Fredrik Bergegård, EVP and Business Area Manager for Industry at Storskogen.
For further information please contact:
Fredrik Bergegård, EVP at Storskogen and Head of business area Industry
Tel: +46 (0)70 357 60 25
Storskogen is a Swedish privately owned company founded in 2012, with a mission to acquire and operate well-managed and profitable companies with leading positions in their respective markets. As of the end of 2020, Storskogen was made up of 58 business units with about 3,500 employees. All business units are run in a decentralised and entrepreneurial fashion, as we know the importance of nurturing the qualities that have made a company successful in the first place.