Pirtek Europe, established in the UK in 1988, is Europe’s leading provider of emergency hydraulic hose replacement services. The company’s acquisition of Slangakuten establishes Pirtek in the Scandinavian market and strengthens its position as the number one provider in Europe. For Slangakuten, the acquisition provides the support and resources to accelerate its expansion programme. Alex McNutt, group CEO Pirtek Europe said, “I am delighted that Slangakuten is now part of the group and we all look forward to working with Stefan Fallenius as managing director to expand the business throughout the region. Slangakuten is a very well managed company and is a great addition to our European operations.” Stefan Fallenius, Slangakuten’s CEO and founder said, “I am extremely happy to enter into this partnership with Pirtek Europe, which will allow us to strengthen our position in the marketplace and drive the business forward.” “Over the coming months, Slangakuten will begin the transition to the familiar Pirtek branding and continue to deliver excellent service to Slangakuten’s new and existing customers.” About Pirtek Europe In 1988 Pirtek entered the UK marketplace and has grown to become Europe’s number one provider of on-site hydraulic hose replacement services. Pirtek Europe currently operates 185 service centres and has more than 725 mobile service
vehicles operating in Belgium, Germany, Austria, the Netherlands, Ireland and the UK.
Pirtek’s mission is to provide the fastest and most convenient service available, 24 hours a day, 365 days a year. It offers a comprehensive range of products and services across many market sectors. About Slangakuten Slangakuten is a leading Swedish provider of emergency and routine on-site hydraulic hose replacement services. The company was established in 2009 in Stockholm and Gothenburg and has steadily expanded to cover the Malmö region, Skåne and Östergötland with 17 mobile service units. www.slangakuten.se Advisors Advokatfirman Vinge (Malmo) and Squire Patton Boggs (Leeds) acted as legal advisors and BDO (London and Stockholm) acted as financial advisors to Pirtek Europe. MAQS Advokatbyrå acted as legal advisor and KPMG Corporate Finance acted as financial advisor to the seller.
www.pirtek.eu
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