Adelis Equity Partners becomes major owner at Presto Group, finances the acquisition of Aptum.
Presto Brandsäkerhet AB, a Katrineholm, Sweden-based provider of fire safety products and services for the Nordic region, announced that it acquired Aptum AB, a local company that is a market leader in fire-fighting solutions and fire safety in northern Sweden.
Presto, founded in 1959 by Gunnar Danielson and led by CEO Anders Danielson, is one of the largest player engaged in fire safety in the Nordic region. The company is present in more than 50 locations in Scandinavia and supplies its services and products to more than 50,000 customers via its “Fire Risk Management” concept.
Aptum was founded in 2005 by CEO Gustav Paringer and Gustav Nord and has become a market leader in fire-fighting solutions and fire safety in northern Sweden. The company will continue to operate as a subsidiary of Presto.
In connection with the transaction, Adelis Equity Partners will become the new majority owner of Presto Group. Anders Danielson and the founders of Aptum will remain as the other large owners in the group.
The deal, which has financial details undisclosed, is creating a Nordic strategic fire risk management provider with revenue of more than SEK 700M ($78M).