Coor acquires Centrumstäd
Coor today signed an agreement relating to the acquisition of Centrumstäd, a reputable cleaning services provider in Scania in southern Sweden. Centrumstäd was founded in 1992, and the company currently has 150 employees with annual sales of some SEK 50 million. The acquisition strengthens Coor’s cleaning organization in southern Sweden and creates the right conditions for continued expansion in the region.
The purchase consideration (on a cash and debt free basis) amounts to some SEK 32 million, corresponding to an EV/EBITA multiple of approximately 5.2x in relation to current EBITA. The acquisition is financed entirely within the framework of Coor’s existing financing.
“I am delighted to welcome our new colleagues and customers to Coor. Centrumstäd is a well-run and established company that complements and strengthens our cleaning operations in southern Sweden,” commented AnnaCarin Grandin, CEO and President of Coor.
The transaction is expected to be completed in the beginning of May 2022.
Please find more information, images etc. at www.coor.com or contact:
Klas Elmberg, CFO and IR Director, Coor
+46 10 559 65 80
Magdalena Öhrn, Communications Director, Coor
+46 10 559 55 19
As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers’ service activities. This enables our customers to do what they do best.
Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, DNV-GL, DSB, Ericsson, Equinor, ICA, NCC, “Danish Police, Public Prosecution Authority and Prison and Probation Service”, PostNord, Saab, Sandvik, SAS, Telia Company, Swedish Transport Administration, Vasakronan and Volvo Cars.
Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com