Nordstjernan invests in Momentum Group
Nordstjernan has acquired 4.2 percent of the capital and nearly 15.0 percent of the votes in Momentum Group. Following the transaction, Nordstjernan will be the company’s largest shareholder in terms of the number of votes. Momentum Group is one of the leading resellers of industrial consumables and industrial components, services and maintenance to professional end users in the industrial and construction sectors in the Nordic region. The Group reported revenue in 2018 of approximately SEK 5.9 billion and had about 1,700 employees at the end of the period. “We view Momentum as a well-