Oleter Group expands and strengthens footprint across four cities in Norway through strategic acquisition

Published On: 2024-01-02

Oleter Group acquires Bygg og Skadeservice AS that is a well-stablished local player with a long history delivering building and damage assignments, particularly for insurance companies, across its four branches in Sandnessjøen, Brønnøysund, Mosjøen, and Mo i Rana in the Helgeland region in Northern Norway.

“This acquisition, adding 35 skilled employees and approximately NOK 45 million in turnover, marks our strategic ambitions for robust business growth and development in the region”, highlights Pål Nygaard, Country Manager and CEO Norway. “Expanding our operational reach, this acquisition replaces our prior franchise agreement with Bygg og Skadeservice AS from 2023, establishing our proprietary operations in Sandnessjøen, Brønnøysund, and Mosjøen, while further fortifying our existing presence in Mo i Rana. This will enhance our service offering and make us more attractive to our customers as we now progress towards achieving 100% coverage in Northern Norway, setting us apart as a unique and comprehensive service provider in the Norwegian landscape”.

“Since entering in Norway in 2021 through the acquisition of Frøiland Bygg Skade AS, Oleter Group has been committed to further strengthen our position throughout Norway. I am very pleased to now welcome Bygg og Skadeservice AS into Oleter Group and this acquisition further supports our position as a leading Nordic provider of mission-critical Property Damage Restoration (PDR) services with more than 2 200 employees in Sweden, Denmark and Norway. In Norway alone, we have a workforce of over 800 professionals specializing in controlling and restoring damages originating from water, fire and environmental impact. Our successful handling of damage and restoration services, exceeding NOK 1,2 billion in Norway during 2023, underscores our commitment to excellence and growth”, says Klas Elmberg CEO of Oleter Group.

For more info, please contact:

Pål Nygaard, Country Manager and CEO Norway
pal.nygaard@fbs.no

Klas Elmberg, CEO Oleter Group,
Klas.elmberg@oletergroup.se