SEGULAH has acquired 91 % of the HÅELLS Group, one of Europe’s leading manufacturers and suppliers of system fittings for service vehicles.
The sellers are the company’s founder and main owner, Harry Andersson, and Fretagskapital AB (within the Atle Group). Fretagskapital has been a minority owner since 1991. Harry Andersson will retain 9 % ownership in the company.
The HELLS Group is based in western Sweden with head office in Mlndal, outside Gothenburg, and manufacturing in Mullsj, outside Jnkping. The company’s products are marketed under the brand name “Modul-System” and are sold by Hells’ own sales force in Sweden, Germany, France and Belgium and through distributors in the rest of Europe. In 1998, the Group had a turnover of SEK 154 million. 75 % of sales were outside of Sweden. The total number of employees are 150.
For further information please contact Christian Sievert at Segulah, tel: + 46-8-442 89 53.