Clearwater International advises Nordic Recover on the acquisition of Demolit
Clearwater International has advised Recover Nordic, the largest Nordic sanitation company on its acquisition of Relita industri & Skadesanering, Relita Avfuktning and Demolit to strengthen its position in Sweden.
Recover Nordic has been active in the sanitation industry since 1983 and is the largest sanitation company in the Nordics. The company has a presence in Norway, Denmark and Finland and employs more than 1,000 people. The turnover is more than €120m (SKr 1.1b). Previously the company operated under the name ISS Damage Control until changing the name in 2013.
Following the acquisitions, Recover Nordic will have around 1,400 employees and a turnover of €160m (SKr 1.5b). Relita Industri & Sanering had a turnover of approximately €30.2m (SKr 280m) in 2014, Relita Avfuktning, €2.4m (SKr 22m) and Demolit, €4.3m (SKr 40m).