Coor Service Management grows in production service – acquires Sapa Industriservice and signs new service agreements

Coor Service Management is acquiring Sapa Industriservice. The move further strengthens Coor's expertise in production service, while also improving its geographical coverage and opening up access to an interesting client base. In connection with the corporate acquisition, Coor is signing extended agreements with Sapa Heat Transfer.

Sapa Industriservice offers a broad spectrum of industrial maintenance and facility management services in the Finspång and Skultuna industrial parks. The main part of the operation is run in Finspång and the clients are based in heavy and medium-heavy industry. Clients include Siemens, Luvata, SSAB and the Sapa companies. Sapa Industriservice had a turnover of around SEK 650 million in 2008 and has 350 employees, who will become part of Coor following the acquisition. In connection with the corporate acquisition, Coor and Sapa Heat Transfer will sign extended agreements.

"Acquiring Sapa Industriservice brings us greater expertise in industrial maintenance, a wider geographical spread and access to a highly interesting client base which we would like to develop. The move is in line with our targeted focus on service for the manufacturing industry, which is one of our strategic development areas," says Mats Jönsson, President & Group CEO of Coor Service Management.

The acquisition is subject to the approval of the Swedish Competition Authority.

"With Coor Service Management as its owner, Sapa Industriservice has excellent opportunities to continue growing and developing in a positive way," says Björn Wiggen, President & CEO of Sapa.

For further information, please contact:

Bengt Håkansson Vice President, Coor Service Management Sweden
+46 (0)8 553 951 70 bengt.hakansson@coor.com

Åsvor Brynnel Head of Corporate Communications, Coor Service Management
+ 46 (0)8 553 954 04 asvor.brynnel@coor.com

Gabriella Ekelund Communications Director, Sapa
+ 46 (0)8 459 59 62 gabriella.ekelund@sapagroup.com

Lars Cederulf President, Sapa Industriservice
+ 46 (0)70 200 89 09 lars.cederulf@sapagroup.com