Our majority owner Summa Equity (“Summa”) has entered into an agreement to sell Lakers Group Holding AS to Vestum AB (publ.) (“Vestum”).
“Lakers has had a strong development together with Summa, and it has been three fantastic years that we have worked together. We are a totally different company today, and we have evolved from being a Nordic company to a North European player”, says Carl-Johan Callenholm CEO of Lakers.
Together with Summa Lakers was the first Private Equity backed company that put a Sustainable Linked Bond on the market. We are proud about the ambitious SDG targets that we have put upon ourselves as a company.
Lakers would like to thank the Summa team for a good and fruitful cooperation.
We are excited to join Vestum, and Lakers fits well into Vestums “infrastructure segment”. Their operating model connects well with Lakers’ structure, and we view business in the same entrepreneurial way. Lakers is a perfect fit for Vestum and that they are the right partner to help us continue driving our business towards our mission; Making water work.
Vestum shares our dedication when it comes to sustainability and Lakers will continue to help our customers reducing their CO2 footprints in the future. Lakers’ current strategy and leadership team will remain.
We are really pleased with our new owners and looking forward to an exciting journey together with the Vestum team.
The execution of the transaction is subject to customary terms and is subject to approval by an extraordinary general meeting in Vestum. Completion of the transaction is expected in Q4 2021.
For further information, please contact:
Carl-Johan Callenholm, CEO of Lakers
+47 900 97 806
[email protected]
