TLDR
- Vestum has agreed to sell its Flowa Technology business to Nordic Capital for SEK 6.5 billion on a cash-and-debt-free basis.
- The deal is expected to produce a capital gain of roughly SEK 3.5 billion for Vestum.
- Vestum’s board plans to pay an extraordinary dividend of approximately SEK 13.50 per share once the deal closes.
- The company will use part of the proceeds to cut outstanding loans by SEK 1.45 billion.
- Conny Ryk has been named the new CEO of Vestum, effective immediately.
Vestum stock surged 27.64% after the Swedish industrial group announced the sale of its Flow Technology business to private equity firm Nordic Capital for SEK 6.5 billion.
The deal covers 100% of the shares in Flowa Technology AB, which Vestum carved out earlier this year as a standalone entity. The transaction is structured on a cash-and-debt-free basis.
The sale is expected to generate a capital gain of approximately SEK 3.5 billion for Vestum. That’s a sharp unlock of value from a business the company had been quietly restructuring since February.
Flowa was formally separated from Vestum’s broader operations and includes ten companies across the UK, Sweden, Denmark, and Norway. Those businesses focus on water infrastructure products and services.
Over the last twelve months ending March 31, 2026, Flowa generated net sales of SEK 1.43 billion, an adjusted EBITDA of SEK 370 million, and adjusted EBITA of SEK 319 million on a pro forma basis.
Nordic Capital is financing the transaction entirely on its own. The deal is expected to close in the second half of 2026, subject to regulatory approvals.
Extraordinary Dividend on the Table
Once the transaction is complete, Vestum’s board plans to propose an extraordinary dividend of approximately SEK 13.50 per share. That payout will be put to shareholders after closing.
The board also intends to use SEK 1.45 billion of the proceeds to reduce outstanding debt. After those moves, the remaining business is expected to carry a financial net debt-to-EBITDA ratio below its 2.5x target.
Vestum’s remaining operations cover niche products and services for Nordic industry and infrastructure markets. Over the last twelve months to March 31, those operations produced net sales of SEK 2.2 billion and adjusted EBITA of around SEK 130 million.
Leadership Overhaul Follows the Deal
The deal comes with a leadership reset. Vestum’s current CEO Simon Göthberg will leave the company to take the top job at Flowa. In his place, Conny Ryk has been named CEO of Vestum, effective immediately.
Ryk had previously served as Chairman of Vestum’s board. With his move into the CEO role, he stepped down from that position. Caroline Atelius has been appointed as the new board Chair.
The board plans to call an extraordinary general meeting shortly to handle board composition, remuneration, and a potential new company name.
Vestum said it sees its remaining operations as having real potential to grow both organically and through acquisitions, with a near-term focus on strengthening profitability.
The board has flagged that central function costs for the remaining business will be lower than before, with savings to be tracked and reported in coming quarters.
The transaction was announced on June 10, 2026, and marks the conclusion of a sale process that drew interest from several potential buyers during the spring.
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