M&A Deal Summary

Klövern Acquires Servistore AB

On October 30, 2020, Klövern acquired real estate company Servistore AB for 19M SEK

Acquisition Highlights
  • This is Klövern’s 1st transaction in the Real Estate sector.
  • This is Klövern’s 0th largest (disclosed) transaction.
  • This is Klövern’s 1st transaction in Sweden.

M&A Deal Summary
Date 2020-10-30
Target Servistore AB
Sector Real Estate
Buyer(s) Klövern
Deal Type Add-on Acquisition
Deal Value 19M SEK

Target

Servistore AB

Linköping, Sweden
website
Servistore AB is an operator in the self-storage industry which offers a digital customer experience, targeting both private individuals and companies. Servistore has nine facilities in Sweden. In total, the company has approximately 20,000 sq.m. of self-storage space in six cities. Servistore was founded in 2006 and is based in Linköping, Sweden.

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Buyer(S) 1

Buyer

Klövern

Stockholm, Sweden

website

Category Company
Founded 1993
Sector Real Estate
Employees336
Revenue 2.9B EUR (2021)
DESCRIPTION

Corem Property Group AB is an operator of a real estate company, that offers attractive premises and actively contributes to urban development in growth regions. Corem Property vision is to create attractive and sustainable environments for future enterprises, individuals, and society. This requires the active construction of city neighborhoods, districts, and business clusters. Corem Property was founded in 1993 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2020) 1 of 1
Mergr

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Company

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