Recover, the market leader for non-discretionary property remediation and environmental services in the Nordics, has entered into an agreement to acquire Bjerklind Bygg AS and S.I. Entreprenør AS. The companies have around 40 employees and an annual revenue of more than 130 MNOK. The acquisitions are part of Recover's strategy to grow within larger damages, as well as to establish a distinct leader outside of insurance. The companies will continue as subsidiaries of Recover Norway under their own brand.

«The company has delivered good results over a long period of time, thanks to the experienced management, committed and knowledgeable employees and satisfied customers. We are happy that the owners will continue in their current positions and that they have invested in Recover alongside EQT and the Recover management. We look forward welcoming the company's employees and their expertise to the Recover Group ", says CEO of Recover Norway, Vegar Kristoffersen in a comment.

"I look forward to continuing to develop the company and the offering to the market as part of the Recover Group. We will continue to be a local, safe and quality-conscious partner, while we have access to increased resources and the opportunity to expand the offer in the market ", says Øyvind Lindtun, Managing Director, Bjerklind Bygg AS

The companies will operate as an independent company in the Recover group.

The formal takeover of the companies will take place as soon as the transactions have been approved by the Norwegian Competition Authority.

Recover Group

Recover is the clear market leader for non-discretionary property remediation and environmental services in the Nordics.

Headquartered in Oslo, Norway and with more than 3000 employees in Norway, Sweden, Denmark and Finland, Recover provide emergency property remediation services to help mitigate the impact of water and fire damage, to help prevent and reduce the costs associated with extreme weather conditions, and to make cities safer by maintaining mission-critical infrastructure.

The company completed more than 120,000 assignments in 2020 and has a strong sustainability agenda. Supporting the United Nation’s Sustainable Development Goals (SDGs), Recover believe that the ability to deliver societal impact as well as resource efficiency, is vital to future-proofing the business and to the company’s long-term success.