- Linotol Group acquires C M Betong, further strengthening its industrial flooring solutions offering
- C M Betong provides ready-mixed concrete on-site with mobile purpose-built machinery, and concrete mixing services
- The founder of C M Betong reinvests alongside Accent Equity and the founders of Linotol, C Holmqvist and Tiller-Vimek
Linotol Group has completed the acquisition of C M Betong in Falköping, Sweden. The addition of C M Betong forms an important step towards expanding the Group’s offering, and deliver even better services and products for its customers. Last summer, Accent Equity acquired a majority ownership in Linotol and C Holmqivst Entreprenad, creating a platform for growth within industrial flooring solutions, and formed what is today Linotol Group. Later in the year, the company acquired Norwegian Tiller-Vimek, further strengthening its presence in Norway.
C M Betong provides ready-mixed concrete at the construction site with mobile purpose-built machinery. The company currently owns four factories and has a total capacity of approximately 1,600 m3 per day. Linotol is the company’s largest customer. The company generated sales of approximately SEK 120m in 2023, and has c. 10 employees. C M Betong together with Linotol Group generated combined sales in excess of SEK 1bn in 2023 (pro forma) and has c. 235 employees.
C M Betong will complement the Group’s operations through its offering of innovative, high-quality products for industrial flooring solutions, as well as its expert knowledge of concrete and mechanical engineering. The combination of the businesses will create an even stronger group, able to provide its customers with top-quality services and products. The founder of C M Betong will reinvest in the Linotol Group alongside Accent Equity and the founders of Linotol, C Holmqvist and Tiller-Vimek.
“Together with Accent Equity and Linotol Group, we will be able to support the group’s continued growth journey, further strengthening its position as the leader within industrial flooring in the Nordic market. By joining Linotol Group, we become an integral part of the group’s offering, which will allow the group to be more competitive in projects where we can leverage combined technical competence and knowledge.” says Carl-Johan Dahlgren, founder of C M Betong.
“We strongly believe in the combination of Linotol Group and C M Betong, and very much look forward to growing the group together. C M Betong possesses important technical competence and offers products of high quality. Together we look forward to an exciting future and we are convinced that this acquisition will lead to new and innovative solutions that benefit our customers and strengthen our position in the market.” says Michael Larsson, CEO of Linotol Group.
The transaction closed on 22 December 2023.
For additional information, please contact:
Michael Larsson, CEO Linotol Group, michael.larsson@linotol.se
Tommy Torwald, Chairman Linotol Group, tommy.torwald@accentequity.se
About Linotol Group:
Linotol Group is a market leading supplier of industrial flooring solutions for commercial, public and industrial use. The company is present in Sweden and Norway, and has completed projects across Scandinavia for a diversified customer and end-customer portfolio. The company has c. 190 employees, and generated pro forma sales of SEK 811m in 2022.
www.linotol.se
About C M Betong:
C M Betong provides ready-mixed concrete on-site with mobile purpose-built machinery, as well as concrete mixing services. Located in Falköping, Sweden, the company mainly serve the southern parts of Sweden. The company employs around 10 people and generated sales of approximately SEK 120m in 2023.
www.cmbetong.se
About Accent Equity:
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns.
accentequity.se
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