June 14, 2018
Quant acquires Finnish industrial maintenance provider Sataservice Oy
Global maintenance leader Quant has acquired Sataservice Oy, a leading industrial maintenance provider in Western and Southern Finland with a strong presence in the growing and stable food and beverage segment. The acquisition of Sataservice will significantly strengthen Quant’s foothold in the Nordic region and the combined group will have a strong competitive position in the Finnish market.
Sataservice is a strong local Finnish industrial maintenance provider with revenues of above EUR 40 million the last twelve months, more than 400 employees and operations on more than 14 customer sites throughout Western and Southern Finland. The entrepreneurial spirit of Sataservice is a good cultural match for Quant and the combined group will have a strong competitive position in the Finnish market.
The combination creates value to both customers and employees as Sataservice’s agile and customer focused cluster business strategy benefits from Quant’s scalable business model and digital offering, creating the place to be for maintenance professionals and delivering operational excellence to customers. Sataservice’s strong market position in many industries, especially the stable food and beverage segment, brings expertise and reference sites into the group that can be leveraged to drive further growth of the combined company. The operational organization and management team of Sataservice will remain within Quant, with Sataservice CEO Thomas Luther leading Quant Finland and Baltics, and continue to develop Quant’s customer value proposition to realize the full potential of maintenance.
– Having entered 2018 after our first year as a fully stand-alone company, Quant is focusing on delivering value to our customers to drive profitable growth. Sataservice fits well into Quant’s sales and operational excellence strategy through high performing teams in each unit. The culture of Sataservice of high customer focus and operational execution is a perfect match for Quant’s culture and the acquisition is further strengthening our strong Nordic presence. Quant brings a stable growth platform and valuable digital offering to leverage Sataservice’s entrepreneurial spirit and renowned customer satisfaction, says Olof Sand, President and CEO of Quant AB (publ).
Stockholm, 14 June 2018
Quant AB (publ)
For further information, please contact:
Pekka Venäläinen, SVP, Regional Manager North and Central Europe, Quant: +46 705 369 125
Thomas Luther, CEO Sataservice: +358 40 534 4256
André Strömgren, VP Commercial, Investor Relations & Treasury: +46 708 410 796
Quant AB (publ) is a global leader in industrial maintenance. For over 25 years, we have been realizing the full potential of maintenance for our customers. From embedding superior safety practices and building a true maintenance culture, to optimizing maintenance cost and improving plant performance, our people make the difference. We are passionate about maintenance and proud of ensuring we achieve our customers’ goals in the most professional way.
The group operates internationally in close to 30 countries world-wide, employing close to 3,000 people. The parent company is located in Stockholm, Sweden.
Quant AB (publ) is privately held by Nordic Capital since 2014. For additional information about the group, please visit www.quantservice.com.