{"id":2974,"date":"2014-08-20T10:00:01","date_gmt":"2014-08-20T10:00:01","guid":{"rendered":"https:\/\/www.quantservice.com\/news\/abb-full-service-acquired-by-nordic-capital-3\/"},"modified":"2014-08-20T10:00:01","modified_gmt":"2014-08-20T10:00:01","slug":"abb-full-service-acquired-by-nordic-capital-3","status":"publish","type":"news","link":"https:\/\/www.quantservice.com\/fi\/news\/abb-full-service-acquired-by-nordic-capital-3\/","title":{"rendered":"ABB Full Service acquired by Nordic Capital"},"content":{"rendered":"<p>Nordic Capital to acquire ABB Full Service\u00ae, creating\u00a0a strong independent company with a leading\u00a0market position in industrial maintenance. Nordic Capital has signed an agreement to acquire ABB Full Service from the ABB Group, supporting the creation of a strong independent company within the\u00a0industrial maintenance sector. Full Service is a market leader in this industry, maintaining and improving\u00a0the production and equipment performance for entire facilities. Full Service employs over 2,500 direct\u00a0service professionals in 30 countries, managing a yearly customer maintenance spend in excess of USD\u00a0500 mn. The transaction is expected to close in Q4 2014. For over 20 years, Full Service has been the partner of first choice in over 300 performance based maintenance\u00a0agreements. The company is based in Prague, Czech Republic, and is the leader in industrial maintenance\u00a0outsourcing services in Europe, with a particularly strong position in the Nordics and a global presence. Full\u00a0Service offers full scale industrial maintenance management services to customers in a wide field of industries\u00a0and geographies. Nordic\u00a0Capital has a long history of successful growth oriented investments, both multinational and local\u00a0businesses, and is well equipped to support Full Service\u2019s continued development with industrial knowledge and\u00a0capital. Previous investments by the Nordic Capital Funds have included a large number of portfolio companies\u00a0within the B2B services or manufacturing sectors. \u201cWe are very excited to work together with the management team to invest and further accelerate the growth and\u00a0development of Full Service. There is a clear value in establishing an independent business, fully focused on\u00a0developing its customer offering and thereby solidifying its position as a global leader in the growing market for\u00a0industrialised maintenance. We are very impressed by the Full Service business and the competence and\u00a0commitment of the employees,\u201d said John Hedberg, Principal, NC Advisory AB, advisor to the Nordic Capital\u00a0Funds. In connection with the acquisition, Nordic Capital has appointed Sabrina Vilhena as CEO designate of Full\u00a0Service, Sabrina has been with the ABB Group for over 15 years, during which time she has spent more than 10\u00a0years in various functions in Full Service. Her most recent role in Full Service was head of finance. Sabrina will\u00a0assume the CEO position when the transaction closes and Full Service becomes a stand-alone company. \u201cFull Service has been a pioneer in introducing service offerings to various industrial segments. The current\u00a0market leading position wouldn\u2019t have been achieved without a team of exceptional professionals or without\u00a0forward looking customers who have partnered with Full Service to improve their operations. I believe that Nordic\u00a0Capital\u2019s investment strategy is well suited to enable Full Service to leverage on its existing foundation to bring\u00a0further value to customers, employees and investors. I am happy to re-join Full Service and to engage with our\u00a0employees and customers to realise the full potential of the business as an independent company,\u201d said Sabrina\u00a0Vilhena, CEO designate of Full Service. \u201cGiven the competence and track record of Nordic Capital I am confident in their commitment to give Full Service\u00a0the opportunity and ability to grow from a new platform and help the company realize its goals. We found the\u00a0right owner for this business which will enable ABB to further concentrate on its core power and automation\u00a0related service activities,\u201d said Veli-Matti Reinikkala, Head of the Process Automation Division for the ABB\u00a0Group. The business will continue to operate under its existing name ABB Full Service for a transitional period, after\u00a0which a new name and brand for the independent entity will be launched.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2974","news","type-news","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.quantservice.com\/fi\/wp-json\/wp\/v2\/news\/2974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quantservice.com\/fi\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.quantservice.com\/fi\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":0,"href":"https:\/\/www.quantservice.com\/fi\/wp-json\/wp\/v2\/news\/2974\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.quantservice.com\/fi\/wp-json\/wp\/v2\/media?parent=2974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quantservice.com\/fi\/wp-json\/wp\/v2\/categories?post=2974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quantservice.com\/fi\/wp-json\/wp\/v2\/tags?post=2974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}