Lakers acquires Pumppulohja
Stockholm, 28 May 2019 – Lakers Group, the leading independent water pump service company in the Nordic region, acquires Pumppulohja, a leading pump service and manufacturing company in Finland with NOK 150 million in revenue, which increases Lakers’ revenues to over NOK 500 million.
– Pumppulohja is renowned name in the pumping industry in Finland. The company enjoys very strong loyalty from customers and is continuously rated very high by customers on service and flexibility. We could not have a better platform for Lakers to expand in the Finnish market., says Carl-Johan Callenholm, co-founder and CEO of Lakers. We now have a strong foothold in each Nordic market and with this deal we maintain the strong momentum in our buy and build strategy, says Callenholm.
Summa Equity Fund I acquired a majority stake in Lakers Group AB in October 2018. Since the acquisition, Lakers has completed five add-on acquisitions.
Summa Equity is among the first Private Equity firms to commit to the UN Sustainable Development Goals (SDG). This acquisition is aligned with Summa Equity’s Resource Efficiency theme and SDG #6: “Ensure access of water and sanitation for all”.
– Lakers strengthens its contribution to sustainable management and availability of water and wastewater. The Nordic water and wastewater infrastructure is ageing and has large inefficiencies. Growing populations, urbanization, increased connectivity and more complex regulatory standards drive a need for further restructuring and upgrades of the infrastructure, says Johannes Lien, Partner at Summa Equity.
Pumppulohja is one of the largest manufacturers and distributors of pumps, pressure vessels, water filters and water treatment solutions in Finland, currently employing 70 people. The company is headquartered in Saukkola, with own production facilities and warehouse operations.
To secure continuity and utilize experience, existing managing directors remain in their positions in the company.
For interviews or more information, please contact:
Carl Johan Callenholm
+47 900 97 806
Partner, Summa Equity
+46 72 206 68 00
Founded in 2016 and headquartered in Oslo, Lakers is a Nordic group active in aftermarket services in the water and wastewater industry. It offers maintenance, service, development and technical consultancy for pumps, pumping stations, electrical motors and related components. The company has 200 employees across Norway, Sweden, Finland and Denmark. www.lakers.no
About Summa Equity
Summa Equity is a lower mid-market Private Equity firm in the Nordics. It is a megatrend driven, thematic investment company focusing on Resource Efficiency, Changing Demographics and Tech-enabled Businesses. Summa Equity is amongst the first Private Equity firms to commit to the UN Sustainable Development Goals and its investments are aligned with these. Summa Equity was founded in 2016. www.summaequity.com