K-Fastigheter buys concrete floor screeding specialist

K-Fast Holding AB’s (“K-Fastigheter”) subsidiary K-Prefab AB has acquired GH Sydgolv AB, a specialist in leveling of concrete floors. GH Sydgolv’s operations strengthen K-Prefab’s offer to its concrete frames customers. GH Sydgolv has annual sales of approximately SEK 50 million and around 20 employees.

We have hired GH Sydgolv in several of our projects and are impressed by their commitment and quality mindset. The acquisition of GH Sydgolv fits well with our strategy to become a more complete partner to customers ordering frames, installation and related services. GH Sydgolv will operate from its base in southern Sweden and I believe that their knowledge and network will make us better in our entire business. I look forward to welcoming new colleagues in early 2022,” says Kaj Grönvall, CEO of K-Prefab AB.

“We look forward to becoming part of K-Prefab and the collaboration with current and new customers. As part of K-Prefab, we have the opportunity to gain new customers and projects in southern Sweden and contribute our knowledge and experience that can develop K-Prefab’s offering,” says Michael Hallberg, CEO of GH Sydgolv.

K-Prefab AB acquires 100 percent of the shares in GH Sydgolv AB. The parties have agreed not to disclose the purchase price. The company will operate under its current name and with its current CEO, Michael Hallberg.

For more information, please contact:
Kaj Grönvall, CEO K-Prefab AB, e-mail: kaj.gronvall@kprefab.se, telephone: +46 702 667 179
Anders Antonsson, IR Manager, e-mail: anders.antonsson@k-fastigheter.se, telephone: +46 708 730 900

As a property company, K-Fastigheter’s objective is to add value for tenants by creating attractive homes with superior comfort. The Group’s operations encompass active property management, project development and proprietary construction operations. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept buildings, developed in-house and constructed for proprietary management. K-Fastigheter provides some 2,450 homes in several locations in the Öresund region, in the province of Småland and in western Sweden, and is assessing new markets as production capacity increases. The Group’s property portfolio has a book value SEK 8.8 billion, with an annual rental value of about SEK 300 million. Since November 2019, the company’s Class B shares have been traded on Nasdaq Stockholm under the (ticker: KFAST B). Read more at www.k-fastigheter.com

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