Merger • Business Services

Swoosh Acquires Oleter Group - UIM Business

On May 25, 2022, Swoosh acquired business services company Oleter Group - UIM Business from Oleter Group

Acquisition Context
  • This is Swoosh’s 1st transaction in the Business Services sector.
  • This is Swoosh’s 1st transaction in Sweden.

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M&A Deal Summary

Date May 25, 2022
Target Oleter Group - UIM Business
Sector Business Services
Buyer(s) Swoosh
Sellers(s) Oleter Group
Deal Type Merger

Target Company

Oleter Group - UIM Business

Norsborg, Sweden
Oleter Group's UIM Business provides underground infrastructure maintenance services. Oleter Group's UIM Business is based in Norsborg, Sweden.
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Buyer Overview 1

Buyer

Swoosh

Umea, Sweden

Category Company
Founded 2007
Sector Business Services
Revenue 500M SEK (2021)
DESCRIPTION

Swoosh provides UIM cleaning and maintenance through flushing and inspection, as well as maintenance and repair, to commercial, residential and public customers. Swoosh was founded in 2007 and is based in Umea, Sweden.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Merger 1 of 1
Country: Sweden 1 of 1
Year: 2022 1 of 1

Seller Profile 1

SELLER

Oleter Group

Bromma, Sweden

Category Company
Founded 1964
Sector Business Services
Employees2,200
Revenue 2.0B SEK (2020)
DESCRIPTION

Oleter Group property damage restoration services for insurance companies, real estate owners, and commercial businesses. Oleter Group was founded in 1964 and is based in Bromma, Sweden.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Merger 1 of 1
Country: Sweden 1 of 1
Year: 2022 1 of 1

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