Mattias Gelinder Appointed Head of M&A and Business Development at Layer Group

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Layer Group, which brings together Sweden's and Finland's most experienced and reputable surface coating companies, announces that Mattias Gelinder will take over as Head of Mergers and Acquisitions (M&A) and Business Development starting Monday, September 9.

Mattias joins at a relatively early stage in Layer Group, which was founded in 2020, and together with driven entrepreneurs, he will be responsible for building a unified operation with the goal of becoming the Nordic region's leading surface coating group. In line with the company's model, which outlines its foundation, strategy, and financial goals, Mattias will help create conditions for everyone in the group to succeed.

Mattias has extensive experience from publicly listed companies with international operations. He most recently comes from the paper and packaging company Billerud, where he was responsible for driving a group-wide performance and efficiency improvement program that covered the entire company's value chain, as well as M&A. His career began over 20 years ago as an auditor and management consultant at EY, after which Mattias held several leadership roles in the automotive sector. He has also been the CFO and IR manager at the public transport company Nobina.

- Mattias will bring strategic competence and seniority, which will be a great asset for the entire group and especially in the executive management, where his experience and personal qualities will be important ingredients. With our common ambitions, we can ensure a continued rapid but selective acquisition pace of quality companies and thereby create positive development of the group's profitability while also strengthening our operational and strategic work, says John Strand, CEO and Group President of Layer Group.

- I am really looking forward to becoming part of Layer Group and, together with the entrepreneurs, owners, and other executives, contributing to continued development and expansion. I strongly believe that Layer Group's decentralized model, where entrepreneurs who sell their companies become co-owners, is a success factor. Together with the group's focus on growth and creating value for both customers and owners, this is a motivating factor for me, says Mattias Gelinder.

For more information, contact:

John Strand, CEO and Group President of Layer Group AB

john.strand@layergroup.se, +46 70 233 07 69

About Layer Group

Layer Group is one of Sweden's largest corporate groups in surface coating services, consisting of locally leading companies with driven entrepreneurs and strong brands. The group was formed in May 2020 and is a nationwide player that can offer both large and small customers competitive services primarily in painting, flooring, and industrial coatings.

Layer Group currently has approximately 1,600 employees and generates just over 2.6 billion SEK in revenue, with a presence throughout Sweden, from Trelleborg in the south to Kiruna in the north, as well as in large parts of Finland. Layer Group is owned by entrepreneurs and the Nordic investment companies Litorina and Bragnum Invest, who together are the largest owners. Litorina and Bragnum are investment companies that invest in small and medium-sized companies in the Nordic region to develop them into industry leaders together with the management through growth, profitability improvements, and increased professionalism.

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