Ac­cent Eq­uity steps in as co-owner of Eco Log to ac­cel­er­ate growth

Australian Forests and Timber - - IN THE NEWS -

THE CUR­RENT owner and founder of Eco Log, Stig Lin­der­holm, has in­vited the in­vest­ment fund Ac­cent Eq­uity 2012 to be­come a coowner. The in­ten­tion is that Ac­cent will help Eco Log ex­pand fur­ther in Swe­den as well as in­ter­na­tion­ally. The com­pany’s net sales in 2016 amounted to ap­prox­i­mately SEK 400 mil­lion.

Eco Log de­vel­ops, man­u­fac­tures and mar­kets forestry machines de­signed for cut-to-length (CTL) har­vest­ing. Based in Söder­hamn, Swe­den, the com­pany serves a global mar­ket through ap­prox­i­mately 60% ex­port sales.

The prod­uct port­fo­lio to­day com­prises nine mod­els of Har­vesters and For­warders and the com­pany has a strong po­si­tion in some of the world’s big­gest mar­kets for CTL har­vest­ing.

The com­pany has been de­vel­oped by Stig since 2004 fol­low­ing the ac­qui­si­tion of Cater­pil­lar’s prod­uct lines of forestry machines.

“Ac­cent views Eco Log, with its com­pet­i­tive prod­uct port­fo­lio and strong man­age­ment, as a solid plat­form for fur­ther growth”, says Nik­las Slout­ski, CEO of Ac­cent Eq­uity Part­ners, in­vest­ment ad­vi­sor to Ac­cent Eq­uity 2012.

“We are very im­pressed by the man­age­ment team’s abil­ity to de­velop its busi­ness and the foun­da­tion is in place to al­low for rapid ex­pan­sion both or­gan­i­cally and through ac­qui­si­tions.”

“I am happy to in­vite Ac­cent as co-own­ers, and I look for­ward to con­tinue de­vel­op­ing the com­pany with them,” says Stig.

“We are ex­cited to have the new own­ers on board and feel con­fi­dent that we will be able to lever­age on the work we have done so far and cre­ate sig­nif­i­cant growth go­ing for­ward,” says Joel Schön­ning, CEO of Eco Log.

Founded in 1994, Ac­cent is one of the buy-out in­vest­ment pi­o­neers in the Nordic re­gion.

For the Eco Log deal­ers around the world it will be busi­ness as usual,and there will be no changes among the em­ploy­ees at the fac­tory in Söder­hamn.

“Go­ing for­ward Ac­cent and Stig will sup­port the im­prove­ments Eco Log need to make in or­der to make en­sure our cus­tomers are sat­is­fied,” said Jo­han Jak­t­man of Scan­di­na­vian Forestry, Aus­tralia’s Eco Log dis­trib­u­tor..

“Eco Log can now find ways to be even stronger and aim at be­ing a clear num­ber 4 in the global forestry mar­ket for CTL machines,” Jo­han added.

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