Fremco has been acquired by Storskogen Group
Storskogen Group AB has entered into an agreement to acquire a majority stake in Fremco A/S. With Fremco’s leading market position, the acquisition is fully in line with Storskogen’s strategy of investing in successful niche companies and supporting strong management teams on a continued growth journey.
Headquartered in Frederikshavn, Denmark, and founded in 1945, Fremco develops, manufactures and markets fiber blowing machines and complementary products used in the infrastructure construction industry for blowing fiber optic cables into telecommunication ducts and micro ducts underground. It is a highly specialized niche company with international sales through more than 30 resellers worldwide. Current management shareholders and two employees are reinvesting into the new ownership structure where Fremco will be part of Storskogen’s business vertical products, within the industry business area.
Headquartered in Stockholm, Sweden, and founded in 2012, Storskogen Group acquires and develops profitable companies in the Nordic countries, the DACH region and the UK, within the trade and services business areas. The group consists of around 90 business units with approximately 7,000 employees and a combined turnover of nearly US$2 billion over the last twelve months. Storskogen is listed on Nasdaq Stockholm.
Oaklins’ team in Denmark acted as strategic and financial advisor to the owners of Fremco. The team in Sweden supported the transaction.
CEO, Fremco A/S
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