Dieta Group enhances its position in Sweden through two add-on acquisitions

Nordic professional kitchen equipment provider Dieta Group has strengthened its position in the Swedish markets by acquiring all (100%) the shares of Westergrens Storköksteknik AB (WS AB) and Westergrens Storköksteknik i Syd AB (WS i Syd AB). Agreements were signed and ownership was changed on December 30th 2016 and April 20th, 2017, respectively.

Both WS AB and WS i Syd AB are established suppliers of professional kitchen equipment for the Swedish Horeca-sector with a complementary geographic mix covering Sweden’s three largest cities as WS AB operates in Eskilstuna region with proximity to Stockholm, while WS i Syd AB has locations in both Malmö and Gothenburg. Customers include restaurants and public sector such as educational units and hospitals.

With the acquisitions, Dieta will significantly improve its capability to serve its Swedish customers. Former owners of both companies will continue to work for Dieta Group supporting further growth and ensuring efficient integration into Group offering. Supported by the acquired companies, Dieta Group’s current annual revenue in Sweden is approx. 10M€ (95MSEK).

Dieta Group manufactures and markets products and services for Horeca- and institutional foodservice customers in Sweden, Finland and Estonia. Dieta Group has total turnover of ca. 45M€ and some 170 employees. Dieta is owned by MB Funds and the management.

For further information, please contact:

Marko Palmunen
Partner, MB Funds
+358 9 1310 1351