Ratos Company Speed Group to acquire Supplier Partner
Speed Group (Speed) has signed an agreement to acquire Supplier Partner, a Gothenburg-based company in industrial logistics. Through the acquisition, Speed broadens its offer within the industrial segment and expands its presence in expansive Arendal near the port of Gothenburg.
Speed is one of Sweden's largest suppliers of logistics services, 3PL and 4PL. Now the company is further strengthening its customer offering through the acquisition of Supplier Partner.
“The acquisition of Supplier Partner is a result of Ratos's long-term work to identify and attract niche profitable businesses within industries we know well and where clear synergies can be extracted. The acquisition strengthens Speed's customer offering in the core business of industrial logistics,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos.
“We have a pronounced acquisition strategy where the focus is on synergistic and profitable companies that can broaden our customer offering within attractive niches. This is where Supplier Partner fits in well. We see great potential in the company's customer offer and look forward to continuing to develop the business together with the management and all talented employees,” says Jesper Andersson, CEO of Speed Group.
Supplier Partner has a turnover of approximately SEK 60 million and the former main shareholder, Dick Karlsson, now chooses to divest.
About Speed Group
Speed 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 220,000 square metres. The company has sales of just over SEK 1.1 billion and approximately 1,500 employees.
For further information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Jesper Andersson, CEO, Speed Group, +46 70 816 68 37
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 32 billion in net sales (LTM). 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.