Lakers expands into the UK through acquisition of entry platform Pump Supplies Ltd
Lakers Group (“Lakers”), the leading independent water pump service company in the Nordic region, has expanded its presence into the United Kingdom through an acquisition of Pump Supplies Ltd. The acquisition will take Lakers annual revenue to ca. NOK 900 million.
We are delighted to have Pump Supplies joining our group. Pump Supplies has a really strong market position, fantastic people and shares the same dedication towards their customers as the rest of our companies, says Carl-Johan Callenholm, CEO Lakers.
Summa Equity Fund I acquired a majority stake in Lakers Group in September 2018. Since the acquisition, the group has, through 11 add-on acquisitions, transformed from a small niche player to a market leader in the Nordics, and is now making its way into Northern Europe by entering the UK through the acquisition of Pump Supplies. The UK has been identified as an attractive market for Lakers as it is large and fragmented, with high pump intensity and aftermarket potential.
With the acquisition of Pump Supplies, Lakers establishes a strong presence in the UK and a platform for further growth. Lakers is now ideally positioned to continue its journey to becoming the largest independent pump service and aftermarket product company in Northern Europe, says Johannes Lien, Principal at Summa Equity and Board member of Lakers.
About Pump Supplies
Pump Supplies is a leading pump rental company in the UK and is regarded as a highly attractive entry platform due to its size and strategic position with broad coverage through 4 well managed depots and a well invested fleet.
Founded in 2016 and headquartered in Oslo, Lakers is a Nordic group active in aftermarket services in the water and wastewater industry. It offers maintenance, service, development and technical consultancy for pumps, pumping stations, electrical motors and related components. The company has more than 350 employees.
For interviews or more information, please contact:
Carl Johan Callenholm
+47 900 97 806
Board member, Lakers
+46 72 206 69 00