Ambea Sweden to acquire Solhagagruppen
Stockholm (Sweden), 12 January 2016 – Ambea Sweden, a Triton Fund III portfolio company, has signed an agreement to acquire Solhagagruppen, a leading provider of disabled care services in Sweden with selected activities also in Norway. With 117 units providing accommodation, daily activities, supported living and education, the acquisition of Solhagagruppen is an important step for Ambea Sweden's continued ability to lead the development within disabled care through innovation and pedagogy. Both Ambea's unit for disabled care, Nytida, and Solhagagruppen have over time invested in new units to enable improved living environments for its users, these effort will be further emphasized going forward. The combination creates a quality leading and user focused partner with competence and ability to offer holistic solutions for municipalities within its areas of expertise.
"Solhagagruppen is a business with a first-class customer reputation, this acquisition is in line with our strategy to further strengthen Ambea's quality focus and grow within disabled care. Combining the expertise within Solhagagruppen and Nytida will benefit the development of disabled care in Sweden", said Thomas Hofvenstam, director of the Ambea Board.
The acquisition is subject to approval by relevant competition authorities. The parties have agreed not to disclose the acquisition price.
Solhagagruppen is a leading provider of disabled care services in Sweden with selected activities also in Norway. They offer high quality support throughout the life and work in care, investigation, treatment, education and training. The group is currently headquartered in the Stockholm and currently operates 117 units in Sweden and Norway.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of over €13.8 billion and over 59,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
Phone: +49 69 921 02204