Segulah to acquire Swedish rail company NVBS Rail

Railway line

Segulah Fund V is to acquire a majority stake in NVBS Rail, to support the company's growth.

The acquisition will be the tenth investment for Segulah Fund V. NVBS founders David and Daniel Skalin, as well as minority shareholders will retain a significant shareholding in the company following the deal.

Founded in 2012 by brothers David and Daniel Skalin and headquartered in Stockholm, Sweden, NVBS is a Swedish rail infrastructure business with a full-service offering for rail-related projects and rail maintenance.

The company has around 100 employees. It serves customers in both the public and private sectors, generating revenues of close to SEK 330 million in 2019.

“We look forward to continuing our growth trajectory together with Segulah and taking the next step in our development, continuing to deliver services of highest quality to our clients”, said David Skalin, CEO and co-founder of NVBS.

“NVBS has demonstrated strong growth in the past years and with its full-service offering reached an attractive market position," said Marcus Planting-Bergloo, managing partner at Segulah Advisor AB.

"With the underlying long-term structural growth in the rail market it is an investment that fits very well with Segulah´s strategy and we look forward to continue developing the business together with the founders and their team,” he added.