The Swedish Competition Authority has approved Green Landscaping's acquisition of Svensk Markservice
Green Landscaping Holding AB (publ) has received approval from the Swedish Competition Authority to acquire Svensk Markservice AB. The acquisition is expected to be completed during the fourth quarter.
As announced on 15 October 2018, Green Landscaping has signed an agreement to acquire all outstanding shares in Svensk Markservice, subject to the Swedish Competition Authority’s approval. This has today been received and the deal may therefore be completed.
The acquisition will enable Green Landscaping to strengthen its market position within ground maintenance and landscaping services. A larger group brings benefits to the customers in terms of increased local presence, increased productivity and broader service offering. Going forward, the acquisition leaves further room for consolidation within a fragmented market.
For further information:
Johan Nordström, CEO, Green Landscaping, +46 708 38 58 12
Carl-Fredrik Meijer, CFO, Green Landscaping, +46 701 08 70 19
This is information that Green Landscaping Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 14.30 CET on 21 November 2018.
Green Landscaping Group is the #1 landscaping service provider in Sweden. Our business idea is to refine our customers’ outdoor environments by offering services focused on high customer value, long-term sustainability and quality. The group has approximately 650 employees and sales amount to around SEK 1 billion. The company’s shares are listed on Nasdaq First North with ticker GREEN. Pareto Securities AB acts as Certified Adviser. For more information, please visit www.greenlandscapinggroup.se.