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Plantasjen is acquiring SABA Blommor AB - Leaps from 40 garden centers to over 700 points of sales
Plantasjen is acquiring SABA Blommor AB, one of the leading service providers of in-store solutions for flowers in Sweden. With over 700 points of sales across the country, mostly in the grocery segment, the acquisition propels Plantasjen's journey from garden center into a leading brand for plants.
Plantasjen is strengthening its position through the acquisition of SABA Blommor AB from SABA Logistics, a Dole Food Company. The company has approximately 160 employees, and an annual turnover of approximately SEK 330m. With the acquisition Plantasjen leaps from 40 garden centers to over 700 points of sales.
"Through combining SABA's more than 700 points of sales and competence as a leading supplier of flowers to the grocery segment, with Plantasjen's industry leading supply-chain and know-how of plants, we will increase the availability for our customers. The acquisition is an important part of our strategy to create a unique offering with an outstanding supply-chain and increased market presence for more people to enjoy life with plants," says Plantasjen's CEO Jon Abrahamsson Ring.
In addition, SABA is not present in Norway and Finland where grocery sales of plants are less developed but fast growing which provides additional opportunities for Plantasjen's growth going forward.
The acquisition is subject to approval by the relevant authorities and is expected to be completed in the second quarter.
For press release from Ratos, go to: ratos.se/en/Press/
For further information, please contact:
Jon Abrahamsson Ring, CEO Plantasjen, Ph: +46 8 5647 2190
Johan Ramsten, Media relations Plantasjen, Ph: +46 70 9711285
Plantasjen is the leading brand for plants in the Nordics. With more than 120 stores in different formats and a growing number of smaller shops closer to people in Norway, Sweden and Finland we continue to strive for our mission - Improving life with plants for the many. Plantasjen has revenues of more than 3,5 billion NOK and 1,000 employees with a passion for plants. During 2016 we helped approximately 13 million customers to improve their life with plants. Since 2016, Plantasjen is owned by the Nasdaq Stockholm listed investment company Ratos.
Ratos acquires Plantasjen
27 September 2016.
Plantasjen, the company that improves life with plants for the many, will be supported by a new owner. Ratos, an investment company that owns and develops unlisted medium-sized Nordic companies, has signed an agreement to acquire 100% of the shares in Plantasjen from the existing owner Apax Partners.
"The plant industry has considerable potential. Plantasjen's operations are based on a positive core product that customers and employees cherish and have a genuine interest in. Plantasjen has a strong brand and a broad establishment in the Nordic region, and operates within an attractive market segment where we see considerable development potential to further build on these strengths. Combined with Ratos's experience, competence and capital, the capacity represented by the leading brand of plants in all channels offers great potential to further strengthen our market position in the Nordic region," says Jon Abrahamsson Ring, President and CEO of Plantasjen.
The acquisition is subject to approval by the relevant authorities and is expected to be completed in the fourth quarter.
For the full press release from Ratos, go to: http://ratos.se/en/Press/
For further information, please contact:
Johan Ramsten, International, Swedish and Finnish media relations at Plantasjen, +46 70 971 12 85.
Harald Bjørland, Norwegian media relations at Plantasjen, +47 908 58 221.
Elin Ljung, Head of Corporate Communications at Ratos, +46 8 700 17 20.
Plants are good for you. Plantasjen's mission is to improve life with plants for the many.
With over 120 stores in different formats and a growing number of smaller shops across Norway, Sweden and Finland, Plantasjen is the leading brand for plants in the Nordics and a clear category leader with annual sales of over NOK 3.5 billion since 2013.
Thanks to its more than 1,000 employees with a passion for plants and its outstanding supply-chain, Plantasjen offers a unique range of plants and solutions for plants, an offering that generated over 12 million customer transactions the last year.
International and Scandinavian corporate media enquiries
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