Priveq divests Scanmast to Volati

Priveq Investment Fund IV (“Priveq”) has, together with other owners, entered into an agreement to sell Scanhold AB (“Scanmast”) to Volati AB (“Volati”). During Priveq’s ownership period, Scanmast has strengthened its market position in Sweden and Norway and established operations in Finland.

Scanmast is a provider of critical infrastructure solutions to customers within telecom, lighting, security and industry segments. The company performs the entire project – from project planning, calculations and design to construction, installation and maintenance. Scanmast is headquartered in Mora and has around 80 employees.

During Priveq’s ownership, Scanmast has further strengthened its market position in Sweden and Norway and established operations in Finland. Sales have grown to around SEK 300m across these three countries. Furthermore, Scanmast has successfully expanded in critical infrastructure segments outside of telecom.

“Scanmast has created a strong platform for continued growth within critical infrastructure. We would like to thank management and the employees, led by Ann-Charlotte, as well as the board members for this achievement. We wish them all the best in their continued journey with Scanmast’s new owner.“, says Johan Koch, Partner and Investment manager at Priveq Advisory AB, advisor to Priveq Investment Fund IV.

“Together with Priveq we have set the foundation for the future growth path. We look forward to continue to develop Scanmast together with Volati.“, says Ann-Charlotte Andersson, CEO at Scanmast.

Closing of the transaction is expected to occur on June 30th.

For more information, please contact:

Johan Koch, Partner Priveq
+46 70 813 04 18
johan.koch@priveq.se

Ann-Charlotte Andersson, CEO Scanmast
+46 73 412 59 69
ann-charlotte.andersson@scanmast.se