Acquisition Strengthens Sortera as UK Construction Waste Solutions Provider
Swedish multinational environmental services provider Sortera has acquired GBN Services, one of the largest independent skip hire, recycling and waste management contractors operating in Central and North London.
GBN operates from five sites across Greater London, supported by a fleet of over 160 vehicles and approximately 250 employees.
The acquisition, Sortera’s second in the capital within a year, is part of a long-term strategy to establish the group as a leading player in the UK’s market for collection and recycling of construction waste.
By adding GBN to our UK operations, we will serve our customers in the London area on a much broader scale.
Sebastian Wessman, CEO, says: “Sortera is very excited to welcome GBN to our UK operations. GBN has built a very strong reputation in the London market with a strong focus on customers, quality and sustainability led by a passionate and experienced team of employees. GBN’s way of working is very much aligned with Sortera’s core values, and we are very happy to add them to our growing family.
“This is an important acquisition for Sortera as it firmly establishes us as one of the leading companies in the London market. By adding GBN to our UK operations, we will serve our customers in the London area on a much broader scale.”
Garry Hobson, managing director of GBN Services, adds: “This transaction marks an important milestone in what has been a very successful journey for GBN so far, and I am happy that we are now part of the Sortera family. Sortera shares many of the same success factors as GBN with an entrepreneurial vision, a passion for customers and a strong focus on sustainability. They are a strong partner which will allow for us to further invest into the development of GBN, which will benefit the team as a whole, the market and our clients.”
The acquisition, the company’s 19th since its establishment in 2006 increases group turnover to more than SEK 3.1 billion (£230 million).
