Delete Group, majority owned by funds managed by Axcel, has today announced the divestment of Delete Demolition Oy, a group company operating in the demolition services market in Finland. The transaction was completed by way of Delete Finland Oy selling all shares in Delete Demolition Oy to Lotus Maskin & Transport AB. In 2019, the turnover of the Demolition Services business in Finland was EUR 50.9 million.
Delete Group is one of the leading environmental service providers in the Nordics. After the Transaction, the group offers business-critical client services, which require specialist competences and specialized equipment through two business areas: Industrial Cleaning Services and Recycling Services. The Group is headquartered in Helsinki and employs approximately 700 professionals at over 35 locations in Finland and Sweden after the Transaction.
The Transaction is estimated to be completed in January 2021.
Carnegie acted as financial adviser to Delete Group and Axcel.