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