Investment Thesis

• Drive consolidation in a fragmented market via a buy-and-build approach
• Capture long-term structural growth driven by urbanisation, outsourcing and increasing spending
• Improve margins of all business units to best-in-class profitability through improved tendering and cost focus

Main transformation Initiatives

• Develop brand name and profile to unify acquired entities and set operational platform to facilitate continued M&A activities
• Create structures for integration and co-operation to enable operational efficiency through best practice implementation
• Strengthen board and management team through addition of large company competence to foster cost focus and to enable profitable growth
• Scale concept to growing regions in Sweden and to other Nordic countries