Portfolio
Foodservice, commercial kitchens, and hygiene

ServeTek

ServeTek unites the Nordics’ specialists in service, aftermarket, and products for professional kitchens, foodservice, and hygiene.

Vision

Background

Investment Thesis

  • Structurally growing market: Stricter hygiene regulations and a growing installed base of professional equipment, combined with increasing complexity, drive sustained long-term demand for service, maintenance, and retrofit installations
  • Fragmented market with consolidation upside: Large, local, and fragmented aftermarket industry across the Nordics
  • Recurring and resilient revenues: High share of maintenance and repair revenue with high cash conversion driven by strict functionality standards and certifications across end markets and segments
  • From Local Leaders to a Pan-Nordic Champion: Building the market leader in the Nordics by combining best-in-class local champions

Growth and Development Initiatives

  • Levers for value creation: Drive synergies by coordinating across local champions on e.g. joint purchasing, group-wide functions, shared recruitment, digital tools, and more.
  • National and regional coverage: Achieve higher regional density, offering customers closer access to aftermarket services and enabling larger contracts with nationwide and international customers
  • Cross-selling potential: Combining commercial kitchen, laundry, cooling and adjacent services to enable cross-selling across brands and equipment types
  • International growth: Geographical expansion driven primarily by inorganic growth – partnering with the best and brightest in the industry

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