Register
 (photo: )
09.09.2019, 14:28

ServiceMaster Enters European Pest Control Market

Company News, Americas, Service Provider News

ServiceMaster has announced the $200 million acquisition of Nomor Holding AB, Europe's fourth-largest pest control company with operations throughout Sweden and Norway.

 
The acquisition which will be funded through $120 million in borrowing from the company’s revolving credit facility as well as cash from operations, is expected to contribute approximately $60 million in revenue and approximately $14 million of adjusted EBITDA to ServiceMaster's earnings in the full year 2020.
 
 
The current management team at Nomor which provides pest control and hygiene services in Scandinavia under the Pelias brand, is expected to remain in place, reporting to Dion Persson, senior vice president of Strategy and International Operations for ServiceMaster. 
 
 
Announcing the acquisition, ServiceMaster CEO, Nik Varty, said:  

"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."

Article rating:

vote data

Leave a reply

Pictured: Compass Group PLC CEO, Dominic Blakemore. (photo: Compass Group UK & Ireland)
News Editor  - 11.01.2021

Putting the Planet First

Compass Group is among 25 companies to have confirmed support for the Terra Carta pledge launched by HRH The Prince of Wales’ Sustainable Markets Initiative.

 (photo: Compass Group UK & Ireland)
News Editor  - 18.12.2020

Providing 20,000 Meals to Those in Need

The Wimbledon Foundation has extended its support for organisations addressing food poverty at Christmas and beyond as part of its response to COVID-19.

 (photo: Meritt Thomas)
Simon Green  - 06.01.2021

Smoke Bombing or Air Sanitisation Units?

Simon Green, Head of Value Engineering, Sourcing & Quality for the Airdri Group, explains why air sanitisation units are preferable to the practice of smoke bombing in workplaces post-Covid-19.

 (photo: Brigton Hollingdean MRF/Veolia Environnemental Sevices)
Staff Reporter  - 17.08.2020

Backing the UK's Green Economic Recovery

Veolia’s latest Sustainability strategy, Impact 2023, aims to support innovation and new infrastructure by adding to over £2 billion the company has already invested in the UK's circular economy.

 (photo: )
FM Editor  - 18.12.2019

The Drains of Christmas Future

UK wastewater and drainage solutions provider Lanes Group has reimagined "A Christmas Carol" into a story about the importance of clean drains.

 (photo: )
FM Editor  - 18.12.2019

University of Manchester Clean Room Contract

SPIE UK has won an 18-month design, supply, install and commission contract for a clean room at The University of Manchester, as part of a new build being constructed by Balfour Beatty.