Swoosh and Oleter Group’s underground infrastructure maintenance (“UIM”) activities to merge: KLAR Partners funds remain as growth partner to the new group

Swoosh and Oleter Group’s UIM activities are joining forces to create an integrated, nationwide, UIM group. KLAR Partners funds will continue as growth partner to support the future expansion of the new group.

The group will continue to provide UIM cleaning and maintenance through flushing and inspection, as well as maintenance and repair, to commercial, residential and public customers across Sweden. The new group will have around SEK 500 million in revenues and operate under the name Swoosh.

KLAR Partners, as well as management and employees, will reinvest to ensure continued support for Swoosh and their long-term ambition to grow as a pan Nordic provider of UIM services. 

In September 2021, KLAR invested as a growth partner in Oleter Group. Oleter Group will continue to develop into the leading provider of PDR services in Northern Europe. 

The transaction is conditional upon customary approvals from the competition authority in Sweden.

For more information: 
Petter Darin
+46 70 240 5015

Carl Johan Falkenberg
+44 7918941391

About KLAR Partners
KLAR Partners is a European private equity firm focused on investments in companies operating in business services and industrial technology. The companies in which KLAR invests each have an annual turnover of approximately EUR 50-500m and are headquartered in the DACH, Nordics and Benelux regions. With investment professionals located in London, Stockholm, Frankfurt, and Brussels, together with a broad international network in the industry, KLAR has a proven business model to support, develop and grow companies. KLAR's senior professionals have worked together for many years and have more than 50 years of combined investment experience in KLAR's industry-specific and geographical focus area. KLAR Partners is a signatory of United Nations Principles for Responsible Investment.

Published May 25, 2022
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