Axcel has signed an agreement to sell Delete Group to German family-owned REMONDIS Group, which is well known for its recycling, service and water management activities.
Headquartered in Helsinki, Finland, Delete Group is a leading Nordic provider of specialised cleaning and sewer services for the industrial, real estate and public sectors. Since Axcel invested in Delete Group in 2013, the Finnish company has expanded into the Swedish market, where today it holds a strong position within cleaning services for a broad range of sectors.
“Delete Group is a leading Nordic cleaning services provider,” says Sirpa Ojala, CEO, Delete Group. “During Axcel’s ownership, the company has expanded into the Swedish market, and through the recent divestments of the group’s demolition and recycling operations we now have a clear strategic focus on the growing and resilient cleaning services market in the Nordics. I want to thank Axcel for all its support in the transformation of Delete Group. We’re excited to now start a new chapter with REMONDIS.”
Christian Schmidt-Jacobsen, Managing Partner at Axcel, comments:
“Delete Group has been under Axcel’s ownership since 2013, and in this period we’ve carried out a series of acquisitions in Finland and expanded into Sweden, mainly within the cleaning services market. Over the last few years, we’ve divested the non-strategic parts of the business to reinforce Delete Group’s clear stronghold within high-quality cleaning services in both Finland and Sweden. We’re very grateful to Sirpa Ojala and her team for their hard work and efforts to rescope the company, and we wish them all the best in their new partnership with REMONDIS.”
The transaction is expected to be completed in Q2 2023.