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Pirtek Europe acquires Slangakuten

03/10/2017 | General

Pirtek Europe Limited ("Pirtek Europe") acquires Slangakuten AB, one of Sweden’s leading hydraulic hose replacement businesses.

Pirtek Europe, established in the UK in 1988, is Europe's leading provider of emergency hydraulic hose replacement services. This acquisition establishes Pirtek in the Scandinavian market and strengthens its position as the number one provider in Europe. For Slangakuten, the acquisition provides the support and resources to accelerate its expansion program.

Alex McNutt, Group CEO Pirtek Europe said, "I am delighted that Slangakuten is now part of the group and we all look forward to working with Stefan Fallenius as Managing Director to expand the business throughout the region. Slangakuten is a very well-managed company and is a great addition to our European operations”.

Stefan Fallenius, Slangakuten’s CEO and founder said, "I am extremely happy to enter into this partnership with Pirtek Europe, which will allow us to strengthen our position in the marketplace and drive the business forward, Over the coming months Slangakuten will begin the transition to the familiar Pirtek branding and will continue to deliver excellent service to Slangakuten’s existing and new customers”.

About Pirtek Europe

In 1988 Pirtek entered the UK marketplace and has grown to become Europe’s number one provider of on-site hydraulic hose replacement services, Pirtek Europe currently operates 185 service centres and has over 725 mobile service vehicles operating in Belgium, Germany, Austria Netherlands, Ireland and the UK. Pirtek's mission is to provide the fastest and most convenient service available, 24 hours a day, 365 days a year. It offers a comprehensive range of products & services across many market sectors. www.pirtek.eu

About Slangakuten

Slangakuten is a leading Swedish provider of emergency and maintenance, on-site hydraulic hose replacement services. The company was established in 2009 in Stockholm and Gothenburg and has steadily expanded to cover the Malmö region, Skåne and Östergötland with 17 mobile service units. www.slangakuten.se

Advisors

Advokatfirman Vinge (Malmo) and Squire Patton Boggs (Leeds) acted as legal advisors and BDO (London and Stockholm) acted as financial advisors to Pirtek Europe.

MAQS Advokatbyrå acted as legal advisor and KPMG Corporate Finance acted as financial advisor to the seller.

For more information, please contact:

Stefan Fallenius,

Founder and CEO

0046 70-497 22 40

[email protected]

Victoria H. Fallenius,

Marketing and Sales Manager

0046 76-833 16 05

[email protected]

Tammie Argent-Peters

Pirtek Marketing Manager

00 44 208 735 4408

[email protected]

                                    

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