January 15, 2015
Quant has become a stand-alone independent company
Nordic Capital acquired ABB Full Service from the ABB Group on December 30, 2014, supporting the creation of a strong, independent company within industrial maintenance – Quant.
January 12, 2015 – Quant, formerly ABB Full Service® a business unit within the ABB Group, as of January 1, 2015, has become a stand-alone independent company.
The divestment transaction was completed on December 30, 2014 when Nordic Capital acquired the business from ABB Group. As an independent entity, the newly established company, Quant, will continue its successful focus on industrial maintenance services.
Quant is looking forward to a very exciting future. We will continue to provide our services and professional processes to our customers, and we will increase our focus on developing our service offering to bring further quantifiable value to our customers.
“The entire Quant team is very enthusiastic and passionate about the opportunities that lay ahead for delivering the best industrial maintenance services to our customers and to extending our service offering,” said Sabrina Vilhena, Quant CEO. She also stated, “Being an independent company will improve our agility, flexibility and focus in our core business, which in the end will result in a great opportunity for our employees, customers and suppliers.”
For over 25 years Quant (formerly ABB Full Service) has been a global market leader in providing industrial maintenance services, maintaining and improving the production and equipment performance at over 300 facilities around the world employing 2400 people. Quant is headquartered in Stockholm, Sweden. For further information about Quant visit our website. (www.quantservice.com)
About Nordic Capital:
Nordic Capital Funds have invested in large to mid-market companies since 1989. Nordic Capital enables value creation in its investments through committed ownership and by targeting strategic development and operational improvements. For further information about Nordic Capital please see www.nordiccapital.com .
ABB (www.abb.com ) is a leader in power and automation technologies that enable utility, industry, transport and infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 145,000 people.
Download a copy of this press release: Quant_PressRelease_12JAN15