Green Landscaping Group AB (Sweden)) has completed the previously announced acquisition of HD Landscape’s ground maintenance operation in Skåne. The transfer is paid in full with cash funding.
The acquired business consists mainly of maintenance and service work for municipalities, non-profit housing companies and tenant-owner associations in Helsingborg, Malmö and Vellinge. The deal includes customer contracts, staff and machinery.
– With the completion of the acquisition, we have an even better opportunity to provide quality outdoor environment services to our customers in southern and western Skåne. We are now starting the work on deepening relationships with our new customers while ensuring that deliveries continue at least at the same level as before. We want to take the opportunity to welcome all new customers and employees, says Daniel Linderståhl, Head of Region South
Green Landscaping Group is the #1 landscaping service provider in Sweden. Their business idea is to refine our customers’ outdoor environments by offering services focused on high customer value, long-term sustainability and quality. The group has approximately 1,200 employees and sales amount to approximately SEK 2 billion. The company’s shares are listed on Nasdaq Stockholm with ticker GREEN.
The Principium Group endeavors to track all merger & acquisition activity within the lawn and landscape services industries.
2019 M&A Activity in the Landscape Services Industry details all reported transactions in 2019.