Delphi advised Nordic Rescue Group on the deal.
Sievi Capital’s target company Nordic Rescue Group acquired the entire stock of Swedish Sala Brand AB. The acquisition is part of NRG’s growth strategy. With the acquisition, NRG will expand its operations to Sweden and create a leading Nordic rescue and fire vehicle group.
Sala Brand, founded in 1978, is a manufacturer of fire vehicles and whose main market is Sweden. In addition to the production of its own vehicles, the company also provides maintenance services and represents two major European suppliers in Sweden, Rosenbauer and Magirus. The company’s premises are in Sala, Västmanland, and it employs approximately 30 employees. Key personnel will continue to work for the company and Kai Hedlund, Managing Director of Sala Brand, will be a member of NRG’s Group Management Team. Sala Brand’s net sales in 2020 were SEK 163 million and the company’s order book is at a strong level.
Sievi Capital is a Finnish private equity investment company that invests in unlisted small and medium-sized Finnish companies.
Nordic Rescue Group is specialized in rescue vehicles for professional rescuers operating in demanding environments.
Delphi’s team consisted of Michael Juhlin (Picture), Hannah Gröndahl, Fredrik Nykvist, Erik Ålander and Emmy Falck.
Involved fees earner: Erik Ålander – Delphi Advokatfirman; Emmy Falck – Delphi Advokatfirman; Hannah Gröndahl – Delphi Advokatfirman; Michael Juhlin – Delphi Advokatfirman; Fredrik Nykvist – Delphi Advokatfirman;
Law Firms: Delphi Advokatfirman;
Clients: Nordic Rescue Group Oy;