PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

HIG Europe acquires Fågelviksgruppen

HIG Europe (HIG) has acquired Fågelviksgruppen (FVG), a Nordic taxi services provider, which through its well-known and trusted brands and technology serves taxi firms in all the major cities in Sweden and Norway. 

FVG has over 30 years built up a market leading position in all market segments – consumer, corporate and public contracts. It pioneered new technology such as apps and B2B process integration and expects to reach nearly SEK5,500 million turnover in the current financial year.

HIG will partner with the existing management team which will benefit from HIG’s operational, strategic and financial know-how as it continues to expand in the Nordic region. HIG also has an extensive network across Europe which will help support FVG’s plans to further develop and capitalise on its market leading technology base.

Ole Oftedal, CEO of FVG, says: “I am delighted that we have secured a partnership with HIG Their long term vision and support will enable us to invest further in our product offering, technology and ensure the best quality service to our customers and business partners. We are very excited about the next phase of growth and international expansion.”

Carl Harring, Managing Director of HIG Europe, who leads its Nordic activities, adds: “FVG has developed a strong reputation for service, quality and technology innovation in the Nordic taxi services sector. This has enabled the company to grow rapidly and achieve a market leading position. We are delighted to partner with FVG and to support continued growth through further investments into technology and building on its strong customer relationships.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured