07:50 / 21 mars 2024
Today ABG Sundal Collier sponsored research initiates coverage of Vestum. Read the full report here!
A growth journey renewed
Vestum is a Nordic serial acquirer focused on companies with exposure to civil infrastructure. Around 60% of the group's EBITA come from groundwork, installation and railway services and around 40% from product companies in specific niches such as water pumps and irrigation systems, drainage systems and security doors. The public sector and commercial property owners are the primary customers. The company was founded in 2021 by the serial entrepreneur Conny Ryk who remain chairman and its largest owner.
