The acquisition journey for Puvac continues with more companies

Published 27/12, 2021 at 12:35

In early September, Puvac announced the acquisition of two companies: Jack Midhage AB and Jerneviken Maskin AB.

The plan was and is to build a strong, market leading group for machines and tools for concrete cutting, demolition, concrete floor grinding and polishing, construction and rental in northern Europe. The strategy is now even clearer as the Finnish company Levanto Oy has sold its subsidiaries, Levanto Diamond Tools AB and Levanto Norge AS, which will now become additional parts of the group that Puvac is building.

Levanto today sells diamond tools for the concrete and the stone industries in Sweden and Norway, where the rental market is an important business segment. “We see that the acquisition of the two companies from Levanto will add significant added value to our business,” says Torbjörn Bengtsson, chairman of the board of Jack Midhage AB. “Both our and Levanto's customers will primarily notice the change through an increased level of service and both a larger and broader product portfolio. But we also get a fantastic addition of many years of experience and expertise in the industry, which gives us new opportunities to offer customers added value such as demand driven and custom made products,” adds Torbjörn Bengtsson.

What was previously one of Scandinavia's largest and widest providers of machines and tools for the concrete cutting and demolition industry, is now being further expanded. In addition, the group will continue to invest in facilities, personnel and the current product range, but also in the distribution of new products from world leading manufacturers of primarily machines. Further strategic acquisitions have not been excluded.

“I'm glad that the company will now be part of Puvac's group, where I am convinced that the business really comes into its own and gets the opportunity to develop further. For the new owners, it is obvious that the flexibility in service will also increase by adding one larger networks and more staff to their group,” says Patrik Sandman, CEO of Levanto OY.

Behind the Helsingborg based owner company Puvac/Midhage is the Ängelholm family Bengtsson, with a background in, among other things, the company Pullman-Ermator AB. The company sees excellent potential in the market for construction and civil engineering and the need for cutting, drilling and grinding in, for example, concrete.

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