SIBS AB (publ) has finalized the divestment of its property management subsidiary, Sveaviken PM, to Red Pathway BidCo AB, a company backed by Fidelio. Sveaviken PM will continue to be run as an independent company as per today. The transaction is a strategic step that enables SIBS to sharpen its focus on its core business: industrial production of modular buildings.
Sveaviken PM was established in 2023 when SIBS reorganized its business to separate property management from its industrial operations. Since then, the company has grown rapidly, attracting a growing portfolio of external clients.
By leveraging advanced technologies and modern software solutions, Sveaviken PM has introduced a new standard of efficiency and data-driven operations to a traditionally conservative industry. Through optimized workflows and improved NOI, the company delivers measurable value for its customers and has established itself as one of Sweden’s fastest growing and most innovative property management providers, serving several leading institutional property funds.
“We are immensely proud of how Sveaviken PM has helped modernize an entire sector under the leadership of Peter Backström. Fidelio is an ideal new partner, as their growth philosophy and commitment to empowering entrepreneurial teams align perfectly with how we want Sveaviken PM to continue evolving, challenging industry standards and creating value for customers,” says Pär Thomaeus, CEO of Sveaviken Bostad.
The divestment enables SIBS to fully concentrate on advancing its modular offerings, while ensuring Sveaviken PM continues its successful growth journey as a standalone business under new ownership. The divestment will have a positive impact on this year’s financial result with approximately 120 MSEK.
Lenner & Partners acted as financial advisor and Wigge & Partners as legal advisors to SIBS in the transaction.
For more information, please contact:
Erik Thomaeus
CEO, SIBS
et@sibs.se
Pär Thomaeus
CEO Sveaviken Bostad
pt@sveavikenbostad.se
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