Clearwater International advises Rivners on its sale to Lotus Maskin & Transport
Clearwater International has advised leading actor in the demolition and decontamination sector Rivners AB and Rivners Sanering AB (Rivners) on its sale to demolition group Lotus Maskin and Transport.
With 60 years of experience from providing services in demolition and decontamination, Rivners has established itself as one of the leading players in the sector with a turnover of €11.5m (SKr 110m).
The company has taken part in many high-profile construction projects in the Stockholm area. For example, the demolition of the Klara blocks, the previous governmental buildings, Råsunda stadium and Mästarhuset.
Following this transaction, the Lotus Group will become one of the leading Swedish players in demolition and decontamination, with more than 200 employees and a turnover of more than €38.7m (SKr 370m) in 2016. In total, the group’s turnover is expected to reach approximately €52.3m (SKr 500m) in 2017, which makes Lotus Maskin & Transport Sweden’s largest privately owned demolition group.