An agreement has been entered into with Lazarus Industriförvaltning AB, which acquires a majority of Eco Log Group AB.
Lazarus is an investment company specialized in operational turn-around of companies facing significant challenges. By combining access to capital with experience of operational turn-around, Lazarus can strengthen Eco Logs’ position and offering going forward. Lazarus already owns companies such as Eurosteel Nybro, AH Automation, Stockholm Repair Yard and other manufacturing industrial companies.
– We believe in the company and in the industry, and our acquisition is an important part of the new start that is now needed. We see particularly good opportunities to strengthen Eco Log’s position and we hope that we as new owners can provide both the capital and the drive that is needed, says Martin Alsander, partner in Lazarus Industriförvaltning AB.
The company manufactures and sells efficient forest machines for sustainable forestry and is based in Söderhamn.
We are very pleased to have new experienced owners who believe in the company and have experience of operational turn-around during complex situations. The acquisition gives Eco Log the right prerequisites to conduct long-term sustainable operations, says Lars Bredenfeldt, board member of Eco Log Group AB.
The acquisition is conditional by the Swedish Competition Authority’s approval. Weland and Accent remain as minority shareholders of Eco Log Group AB.
At the moment, Eco Log Sweden AB is in an ongoing reorganization process.
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