Presto acquires the German market leader Jockel to become the leading European safety services group. Adelis invests additional capital to support continued growth and consolidation
Presto AB (”Presto”), the Nordic market leader in fire safety and compliance services, acquires Jockel Brandschutztechnik Service GmbH ("Jockel"), the German market leader in fire safety. As a result, Presto becomes the leading safety services group in Europe, with revenues of SEK 2.7 billion. Majority owner Adelis Equity Partners (”Adelis”) is investing additional capital in order to support continued organic growth and consolidation in existing and new markets.
Since Adelis became the majority owner in 2018, Presto has quadrupled its revenues, driven by high organic growth and acquisitions. Presto has also expanded internationally and to adjacent segments, such as safety training, first aid and AEDs, further strengthening its position as the Nordic market leader.
Presto now takes a new transformative step and acquires the German market leader Jockel, thereby becoming the leading safety services group in Europe. Following the acquisition, Presto will provide fire safety and other compliance services to more than 80,000 companies, with the help of 1,500 dedicated employees. The enlarged group will have revenues of SEK 2.7 billion and healthy profitability.
”It is a great pleasure to welcome Jockel to the Presto family, and together becoming the European market leader. We see a growing demand for our services – not least since every second company still lacks proper fire safety – and together with Jockel we will be able to help even more customers to a safer workplace. Jockel and Presto are both built on strong entrepreneurial values, and we very much look forward to continuing this growth journey with our new Jockel colleagues”, says Filip Bjurström, CEO at Presto.
Laura Peters, CEO at Jockel, will remain in her existing role and will also join the board of directors at Presto.
"Presto is the natural partner for us, and we are excited to continue strengthening our positions and expand across Europe. It is crucial for us that we share the same values and vision to develop the industry in a positive direction. Jockel and Presto have also much to learn from each other, and together we will become an even better company for both our customers and our employees", says Laura Peters, CEO at Jockel.
In the transaction, majority owner Adelis will invest additional capital and give Presto financial resources to continue its growth and M&A strategy.
"Following Presto’s impressive growth journey in the Nordics, we are very excited about the transformative transaction with Jockel, making Presto the European market leader. We see an enormous potential in Europe, and look forward to continuing working with Filip, Laura and the rest of the management team in this new growth phase”, says Erik Hallert, partner at Adelis Equity Partners.
Transaction is subject to customary anti-trust approval.
For further information:
Erik Hallert, Adelis Equity Partners
Phone: 070-936 80 41
E-mail: erik.hallert@adelisequity.com
Presto
Presto is the Nordic market leader within fire safety and compliance services. Founded in 1959, Presto today helps more than 50,000 companies with their fire safety, first aid and safety training needs, creating a safer and more sustainable workplace. Presto has a turnover of SEK 1.8 billion and 1,000 employees across 80 locations. Head office is located in Stockholm, Sweden. More information: www.presto.se
About Adelis Equity Partners
Adelis is a growth partner for well-positioned, Nordic companies. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 38 platform investments and more than 180 add-on acquisitions. Adelis today manages approximately €2.5 billion in capital. For more information, please visit www.adelisequity.com