Carlsquare successfully advised the owners of Urban Green, the leading provider of multifunctional green solutions in urban areas in Sweden on the sale to the Nordic Waterproofing Group. Urban Green was established in 2014 in Vislanda, Småland, with an idea to offer multifunctional green solutions in urban planning environments. In particular, the company provides large complex roofing contracts where the aim is to create a solution to the stormwater problem and create a social space for meetings and socialising.
The buyer is listed Nordic Waterproofing Group, a manufacturer and supplier of waterproofing products and related services. The acquisition was part of their strategy to promote sustainability by creating green environments for roof landscapes, while complementing their current operations within Veg Tech.
“The acquisition of Urban Green is an important step in being able to offer a wider range of services and products in green solutions for urban environments for our customers,” says Mats Lindborg, Head of Nordic Waterproofing in Sweden and Norway. “Green solutions for urban environments is an area that has attracted a lot of attention in recent years and with both Urban Green and Veg Tech in our offering, we are strengthening our position in this growing market.”
“Urban Green has in a short time established itself as a leading supplier of green solutions for urban environments. We are pleased to have an owner with a good understanding of our business and see great potential for continued growth of our business and to improve the offering to our customers,” says Therese Lundstedt, CEO of Urban Green. “It is always great (and fun) to work with Carlsquare. The team consists of true professionals with an eye for people, business and details. This was the second deal together and I am hoping we will do it again soon.”
“Nordic Waterproofing’s strategy is to promote sustainable building solutions, and to broaden our product and services offering. I am very pleased that with Urban Green we further enhance our offering of green solutions for urban environments. I welcome our new colleagues in Sweden to Nordic Waterproofing,” says Martin Ellis, President and CEO of the Nordic Waterproofing Group.
Carlsquare acted as the exclusive financial advisor to Urban Green.
