Coor acquires Skaraborgs Städ
Coor today signed an agreement relating to the acquisition of Skaraborgs Städ, a well-run family business that delivers workplace services, mainly focused on cleaning, for a large number of customers in Västra Götaland, Småland and Värmland. The acquisition increases Coor’s geographical coverage in Sweden.Skaraborgs Städ has 800 employees and annual sales of some SEK 400 M. The purchase consideration (on a cash and debt free basis) amounts to SEK 250 M and corresponds to an EV/EBITA multiple of approximately 7x in relation to current EBITA.The acquisition is financed entirely within the