SERTION acquired by ALTOR

Altor, through its investment vehicle Altor Fund VI, acquires a majority stake in Sertion, with entrepreneurs and management reinvesting meaningfully and remaining key owners. The transaction is expected to accelerate Sertion's next phase of growth across existing markets and into new geographies, leveraging Altor's expertise and resources to support the company's expansion. The partnership will enable Sertion to further strengthen its market position, driven by its strong local entrepreneurship and the advantages of scale. With Altor's support, Sertion is well-positioned to continue its above-market growth and strategic expansion, while maintaining its focus on delivering high-quality services to its customers. The transaction is subject to customary regulatory approvals and is expected to close in the near future. The strategic rationale behind the deal is to create a leading Nordic platform for complex pipework services, with a strong focus on technical expertise, customer proximity, and operational performance. The deal has significant market implications, as it is expected to drive growth and consolidation in the Nordic pipework services market, while also creating new opportunities for Sertion to expand into new markets and geographies.