ABB Full Service gets acquired by Nordic Capital.

Nordic Capital, a Stockholm, Sweden-based private equity group, announced signing an agreement to acquire ABB Full Service (Quant) from the ABB Group, supporting the creation of a strong independent company within the industrial maintenance sector.

ABB Full Service, which was later renamed Quant, is a market leader in this industry, maintaining and improving the production and equipment performance for entire facilities. Full Service employs over 2,500 direct service professionals in 30 countries, managing a yearly customer maintenance spend in excess of USD 500 mn. The transaction is expected to close in Q4 2014.

For over 20 years, Full Service has been the partner of first choice in over 300 performance based maintenance agreements. The company is based in Prague, Czech Republic, and is the leader in industrial maintenance outsourcing services in Europe, with a particularly strong position in the Nordics and a global presence. Full Service offers full scale industrial maintenance management services to customers in a wide field of industries and geographies.