Business
Vestum divests the majority of its Flow Technology segment for SEK 6.5 billion on a cash- and debt-free basis
Vestum divests the majority of its Flow Technology segment for SEK 6.5 billion on a cash- and debt-free basis
About this update from Vestum Ab
Vestum AB (publ) (“Vestum”) today announces that the company has entered into a share purchase agreement (the “Agreement”) with Nordic Capital, a leading international and sector focused private equity investor, regarding the divestment of 100 per cent of the shares in Flowa Technology AB (“Flowa”) for a cash consideration (the “Transaction”) of SEK 6,500,000,000 on a cash- and debt-free basis (the “Enterprise Value”). The Transaction unlocks significant value for Vestum’s shareholders while strengthening Vestum’s ability to focus on growth in its remaining operations. The Transaction is subject to approvals from relevant authorities and other customary conditions. The Transaction, which is fully financed by Nordic Capital, is expected to be completed during the second half of 2026. The divestment is expected to result in a capital gain of approximately SEK 3.5 billion. As a result of the Transaction, Vestum’s Board of Directors intends to propose an extraordinary dividend to the company’s shareholders (preliminarily estimated at SEK 13.50 per share) as soon as the Transaction has been completed. The Board of Directors has also appointed Conny Ryk as the new CEO of Vestum, effective as of today.Summary of the TransactionOn 11 February 2026, it was announced that Vestum’s Board of Directors had decided to initiate structural changes to the business, meaning that parts of Vestum’s Flow Technology segment would be organised as a separate business. The background to the decision was that the Vestum group consists of two clearly distinct business logics: product companies focused on the UK and Nordic water infrastructure, and product and service companies focused on Nordic industry and infrastructure. These operations have different growth profiles, limited synergies and were considered to develop better as two separate groups. The Board of Directors also decided to evaluate structural alternatives for the separated business within Flow Technology.The affected companies in the Flow Technology segment – Pump Supplies (UK), PDAS (UK), Nortech (UK), Dynamic Fluid Solutions (UK), PJT Pumping Services (UK), Cheltenham Controls (UK), Scanregn (DK), Pordrän (SE), Filtrena (SE) and Norsk Pumpeservice (NO) – have been structured into the separate company Flowa. During the last twelve months ending 31 March 2026, Flowa generated net sales of SEK 1,430 million, an adjust...