Ratos company Speed Group to acquire Scandi Terminal
Speed Group (Speed) has signed an agreement with Profura Gruppen regarding the acquisition of Scandi Terminal AB. With this acquisition, Speed is expanding its logistics offering to include niche solutions for bulk products.
Speed is one of Sweden’s largest providers of 3PL and 4PL services. With the acquisition of Scandi Terminal AB, Speed’s customer offering will be further expanded through the addition of warehousing, transport and repackaging of bulk products.
“The acquisition of Scandi Terminal AB is entirely in line with Ratos’ acquisition strategy, in which both larger and smaller add-on acquisitions in existing companies play an important role. With the acquisition of Scandi Terminal AB, Speed is taking another step in expanding its customer offering. It will create positive synergies for the customers, and bodes well for continued profitability,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos.
“We have a stated acquisition strategy that focuses on profitable companies that can provide Speed’s customers with new service segments. As an operator in a niche with a great deal of potential, Scandi Terminal AB fits into this strategy well. With our experience and expertise in logistics, we are convinced that we have excellent opportunities to positively develop both the company and our customer relationships in the area,” says Mats Johnson, CEO of Speed Group.
Scandi Terminal, which operates out of Stenungssund, has been part of Profura Gruppen since 2006 and is an important provider of logistics and materials handling to customers in the process industry. The company’s sales in 2021/22 amounted to just over SEK 40m.
About Speed Group
Speed Group offers sustainable, flexible and innovative solutions to complex logistics and staffing challenges. Sustainability permeates the entire business, and the aim is to be carbon neutral by 2025. Speed has its head office in Borås, Sweden, and logistics centres in Borås, Gothenburg and Stockholm covering a combined total of more than 200,000 square metres. The company has sales of just over SEK 1 billion and approximately 1,600 employees.
For further information, please contact
Mats Johnson, CEO of Speed Group, +46 73 367 75 45
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Ratos is a business group consisting of 15 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 26 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.