ServiceMaster Enters European Pest Control Market
ServiceMaster has announced the $200 million acquisition of Nomor Holding AB, Europe's fourth-largest pest control company with operations throughout Sweden and Norway.
"We are incredibly excited to have the Nomor team join us as we launch our global expansion strategy and enter the large and growing European pest market.
"As we have shared with our investors and employees, we have global aspirations and these partners will help us execute our strategy through the established and successful platform they built in Sweden and Norway. Our new colleagues and their seasoned management team will provide us with local expertise, experienced in driving organic growth and profitability."
Svein Olav Stölen, CEO of Nomor Holding AB, added:
"ServiceMaster is going to be a great home for Nomor,” . “Together we will build off our already strong position in the European market. With my fantastic team and experts, and together with a world-leading pest control services organization, it’s going to be a winning concept."