Quant acquires Finnish industrial maintenance provider Sataservice Oy

Global maintenance leader Quant has acquired Sataservice Oy, a leading industrial maintenance provider in Western and Southern Finland with a strong presence in the growing and stable food and beverage segment. The acquisition of Sataservice will significantly strengthen Quant’s foothold in the Nordic region and the combined group will have a strong competitive position in the Finnish market.

Quant is a global leader in industrial maintenance, operating internationally on 76 customer sites in close to 30 countries and employing about 2,600 people. The entrepreneurial spirit of Sataservice is a good cultural match for Quant and the combined group will have a strong competitive position in the Finnish market.

The combination creates value to both customers and employees as Sataservice’s agile and customer focused cluster business strategy benefits from Quant’s scalable business model and digital offering, creating the place to be for maintenance professionals and delivering operational excellence to customers. Sataservice’s strong market position in many industries, especially the stable food and beverage segment, brings expertise and reference sites into the group that can be leveraged to drive further growth of the combined company. The operational organization and management team of Sataservice will remain within Quant, with Sataservice CEO Thomas Luther leading Quant Finland and Baltics, and continue to develop Quant’s customer value proposition to realize the full potential of maintenance.

– The combined offering with Quant and Sataservice together will strengthen the possibilities to expand in the Finnish and adjacent markets. Added to that, Quant’s strong background in safety, operational excellence and digital offering will enable Sataservice to serve its customers even better. Quant brings a stable growth platform and valuable digital offering to leverage Sataservice’s entrepreneurial spirit and renowned customer satisfaction, says Thomas Luther, CEO of Sataservice Oy.

– Having entered 2018 after our first year as a fully stand-alone company, Quant is focusing on delivering value to our customers to drive profitable growth. Sataservice fits well into Quant’s sales and operational excellence strategy through high performing teams in each unit. The culture of Sataservice of high customer focus and operational execution is a perfect match for Quant’s culture and the acquisition is further strengthening our strong Nordic presence. Quant brings a stable growth platform and valuable digital offering to leverage Sataservice’s entrepreneurial spirit and renowned customer satisfaction, says Olof Sand, President and CEO of Quant AB (publ).

– It has been a great journey together with the Sataservice employees to develop the company and especially its operating model to further accelerate growth into a leading national player in the industrial maintenance segment. I am sure the company will continue its success story now being part of Quant, says Reijo Grönholm, Partner at Vaaka Partners, the seller and former majority owner of Sataservice

 

For further information, please contact:

Thomas Luther, CEO Sataservice: +358 40 534 4256

Pekka Venalainen, SVP, Regional Manager North and Central Europe, Quant: +46 705 369 125

André Strömgren, VP Commercial, Investor Relations & Treasury: +46 708 410 796

E-mail: ir@quantservice.com