Environmental services provider Delete, becomes the largest Nordic provider in demolition and industrial sanitation, after the acquisition of Demcom. Livingstone’s Business Services sector team advised the shareholders of Demcom on the transaction.
Demcom is based in Örebro, Sweden, and specialises in technically advanced demolition projects. It is a leading provider of heavy demolition services in Sweden employing c. 50 staff, the company has an annual turnover of SEK 170m.
The acquisition makes Delete Group the largest player in the Nordic market for demolition and industrial sanitation, with 800 employees and a reported combined turnover of SEK 1.3 billion in 2015.
“Livingstone worked closely with Demcom over a period of time, providing advice in operational issues and ownership. We’re very pleased to have advised Demcom in finding a new owner, creating a new leading provider within the Nordic demolition market,” says Francesco Di Folco, Director at Livingstone.
“The way I see it, there’s now no limit to what we can do in demolition and sanitation, not in Sweden or Finland, and not in Europe,” says Kim Dahl, CEO at Demcom, and concludes that the acquisition of Demcom by Delete presents opportunities that Demcom would not have been able to create on its own.
“This is an important acquisition that makes us the market leader in demolition in Sweden, a position that we already hold in Finland. We now have the resources to bring our demolition services into the rest of Europe,” says Jussi Niemelä, Group CEO at Delete Group.