Founded in 2000, Maskinklippet had revenues of 86 MSEK in 2017 and currently targets the Swedish B2B and B2C gardening and forestry market. Hylte Jakt och Lantman (Hylte), established in 1911, targets the market for hunting, forestry, garden machinery and outdoor accessories with sales in Sweden, Denmark and Finland. 2017 revenues stood at 217 MSEK.
Anders Carlsson, CEO of Hylte, will assume the role of CEO of the newly established group in addition to his current role. Stefan Olsson, CEO of Maskinklippet.se, will lead the group’s forestry offering.
“This is a very exciting time for both me, Stefan and our new merged team. The merger is a fantastic opportunity to strengthen our market offering and expand our business, and we look forward to working closely with the team at Verdane to make that happen”, says Anders Carlsson.
With long experience from the sector, a wide assortment and strong relationships with key suppliers, the new group’s partnership with Verdane is well-positioned to capture attractive growth opportunities in the Nordics driven by increasing online penetration in B2C as well as B2B markets.
“Both Hylte and Maskinklippet are at a stage where Verdane’s Nordic presence and experience from over 40 e-commerce investments, can help unlock significant potential. I look forward to working closely with Stefan and Anders to accelerate the growth of the group to build a Nordic market leader in their respective niches”, comments Daniel Ahlstrand, responsible at Verdane Edda Advisors for the investment.
The parties have agreed not to disclose the transaction value.
About Hylte Jakt och Lantman
Hylte Jakt och Lanman was founded in 1911 and offers products within forestry, hunting, agriculture and pet food. Headquartered in Hyltebruk, Halland, Hylte Jakt och Lantman is currently active in Sweden, Finland and Denmark, with a revenue of 217 MSEK in 2017.
About Maskincenter and Maskinklippet.se
Established in 2000, Maskinklippet.se is a part Maskincenter Blekinge and sells a wide assortment of forestry, gardening, construction and workshop equipment. Headquartered in Mörrum, Blekinge, Maskinklippet.se targets the Swedish market, with a revenue of 86 MSEK in 2017.
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
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