Kiilto strengthens its construction business operations in Sweden
Kiilto Oy has acquired all shares in TM Progress in Sweden from the private equity firm PEQ AB and the company’s operative management. Kiilto Oy is part of the Kiilto Family Group. TM Progress was established in 1974 and operates nationwide in Sweden. The company manufactures pumpable levelling compounds for professionals and provides them as a service. Its net sales is around EUR 28 million.“The acquisition is part of Kiilto’s growth strategy and international expansion. TM Progress is a natural fit for Kiilto’s international operations in terms of its corporate and service culture as well