Alder II AB (Alder), a Nordic investment fund focussing on developing sustainable technology companies, together with the management team, is to acquire 100 per cent of the shares in Scanacon Intressenter AB (Scanacon) from Verdane Capital VII K/S (Verdane).
Scanacon is a provider of acid management systems used in the production of special metals. The company provides solutions to achieve safe, efficient, high quality treatment of metal product at the lowest cost, while enabling recycling of acid waste and minimising usage of scarce resources. Scanacon is headquartered in Stockholm and supplies the global market from its offices in Sweden, USA and China. The company has an annual turnover of approximately SEK150 million and employs circa 40 staff.
As the new main owner of Scanacon, Alder is committed to supporting management in developing the company’s growth opportunities in current and adjacent market segments.
“Scanacon is the global market and technology leader in its niche. We see continued growth potential in its core markets driven by increasingly more stringent environmental standards and by the competitiveness of the company’s offering. Moreover, we see potential to further broaden Scanacon’s business into new, adjacent market segments and by continuing to develop the technology base,” says Dag Broman, Partner at Alder.
There is a large installed base of Scanacon systems world-wide with clear positive environmental impact. The company’s solutions contribute to preventing 20 trillion litres of water from being contaminated every year and reduces the usage of hazardous chemicals and waste products by 486,000 tons.
“Scanacon is our first investment in Alder II and fits perfectly with Alder’s focus on investing in sustainable technology companies with growth potential. Cleaning of industrial process water is a sector we know well and we look forward to developing Scanacon together with Management and the Board,” says Henrik Blomé, Partner at Alder.
Verdane became the majority shareholder in Scanacon in 2012, when the fund took the listed investment company Capilon private. The team has since worked closely with Scanacon to strengthen the executive management team and add to the sales, R&D and production teams. After-sales has developed into a significant and more stable revenue source during the ownership period, and Scanacon has extended its product offering and customer base.
“It has been a pleasure to work closely with CEO Stig Lundström and his management team. They have driven the development of Scanacon above expectations and we believe that Alder will be a good owner for the continued journey. We are pleased to have contributed to Scanacon’s expansion into new customer segments that now are seeing strong growth.” says Per Nordlander, partner at Verdane and member of the Board of Scanacon.
Stig Lundström, CEO of Scanacon further, says: “I and the rest of the team are grateful to Verdane for their contributions over the past six year. We are excited about the opportunity to further develop Scanacon together with our new owners at Alder, who also are focused on sustainable technologies, and have a proven broad and deep competence in these areas. We have an ambitious plan to develop new technologies and segments to further grow the company.”
