OSLO: First Mover Group Holding AS (FMGH) has signed an agreement to acquire 100% of the shares in Resultat Projekeledning Sverige AB (Resultat), a Swedish specialist provider of tenant advisory and project management services headquartered in Gothenburg with operations also in Stockholm and Malmö.
“With this acquisition, we continue to expand our footprint in Sweden, the largest market in the Nordic region. Resultat is a leading player in the tenant advisory services market in Gothenburg and delivers great value and support to business in their relocation process. Resultat will provide synergies and strengthen First Mover Group’s position as a complete services provider,” says Eirik Arnø, CEO of First Mover Group.
“We are looking forward to becoming part of First Mover Group. We share the same values and passion for delivering premium services to our customers and I am confident that we together will further strengthen our offerings,” says Christer Johanson, CEO of Resultat.
“We are pleased to add complementary competences to the group and welcome new talented employees to the FMG family. Together, we will continue our profitable growth and create value for our customers, employees and shareholders,” Eirik Arnø concludes.
Resultat had a turnover of SEK 13.2 million and an EBITDA of SEK 1.0 million in 2019. The company has no net interest bearing debt at closing. The company will be consolidated into FMGH’s consolidated financial statements from October 2020.
First Mover Group is a fast-growing company providing tenant advisory, business relocation and assembly services. It offers end-to-end services from future needs and workplace analysis, search for premises, contract negotiation, project and construction management, handle all procurement, logistics planning and coordination and execute the relocation and manage the return of your existing premises.
The company has a turnover of close to 500 million and more than 450 employees with offices across major cities in Norway, Sweden, Denmark and Germany.