Through the acquisition, Sortera is enhancing its offering in the areas of sewage treatment, high pressure flushing, sludge extraction and pipe inspection. L.S. Tankservice will continue to be operated under its current management and will be an independent division within Sortera Industry.
L.S. Tankservice, based in Sollentuna, offers sewage treatment, high pressure flushing, sludge extraction, pipe inspection and transport of hazardous waste services throughout the greater Stockholm region. The company has 18 employees and annual sales of approximately SEK 35m.
Sortera Group CEO Conny Ryk said: “Sortera has been looking for an opportunity to expand its expertise within sewage disposal and associated services. This acquisition is well aligned with our strategy, and will allow us to offer our customers the industry’s best service in this area.”
L.S. Tankservice has been engaged in sewage disposal since 1968, when the company was founded by Lars-Erik Spångberg. The company is now run by his son, Joakim Spångberg, and remains focused on service and customer satisfaction.
L.S. Tankservice CEO Tony Odelstrand said: “We look forward to entering a new growth phase as part of Sortera. We can grow more with Sortera than we could have done on our own. We will also be able to invest in new equipment and broaden our clientele, and to offer even better service to our current customers.”
Sortera currently operates under the brands BIG BAG, DK Sanering, Vacuo, Åkerisäcken, Eco-Chain and DT Recycling.
Summa Equity partner and Sortera board of directors chairman Johannes Lien said: “The acquisition of L.S. Tankservice AB is another key element in the expansion of Sortera’s customer offering. More and more people are realising the importance of environmental responsibility, and this shift is driving Sortera’s growth. In two years, we have tripled Sortera’s sales and are now looking forward to continued expansion.”
Source: Company Press Release
