PHM Group accelerates its growth by acquiring the entire share capital of Sefbo Holding AS
PHM Group and Sefbo Holding AS have 20 September 2023 signed an agreement whereby PHM Group will acquire the entire share capital of Sefbo. The acquisition is expected to close during the fourth quarter of this year, and it requires the approval of the Norwegian Competition Authority. The acquisition is in line with PHM Group’s strategy and strengthens the range of services and geographical presence in Norway.
Sefbo is the leading service provider of contract and subscription-based services to housing associations in Norway. The company, in its current form, was formed in 2019 and has experienced rapid growth through, among other things, acquisitions. Sefbo’s service offering includes technical services, specialist services, financial services, and digital services and it has a strong geographic presence throughout Norway with a strong position in the Oslo-region and the eastern parts of Norway. The company’s revenue in 2022 was NOK 730 million. Currently, Sefbo has approximately 560 employees.
Strategic objectives of the acquisition
The acquisition is in line with PHM Group’s strategy and strengthens the range of services and geographical presence in Norway. Sefbo’s business will bring further growth and expertise in PHM Group’s operations in Norway. The acquisition will have no impact on the company’s customer relationships or partnerships.
“Sefbo is a fast-growing and developing group with a solid foothold as a provider of property services for residential properties and specific expertise supporting PHM Group’s business. The acquisition will strengthen our position in Norway and will provide us with excellent opportunities to expand and develop our activities both locally and as a group. I look forward to working together to take our business forward and provide our customers with the high-quality service they have come to expect locally”, says Ville Rantala, CEO of PHM Group.
“We are very pleased that Sefbo will become part of PHM Group. I strongly believe that joining PHM Group will offer us new opportunities to succeed in delivering and developing our services, as well as giving our employees increasingly strong support and more career options to grow as part of a large group”, says Tommy Fredriksen, CEO of Sefbo.
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Sefbo is the leading supplier of services in operations, financial management, and maintenance. We create a better everyday life for our customers through our local partners around Norway. We have a strong believe in skilled employees with kindness and smile. We are always one step ahead. With our one stop shop we arrive, solve and follow up as agreed. https://sefbo.no/