Next Wave invests in Crendo, a fast growing Swedish facilities management business.
The investment will primarily be used to develop additional local “hubs” which act as the base for providing a full suite of facilities management services to properties in the area.
Crendo is a contracted provider of facilities management services to local authorities and property groups. Its services range from electrical repairs and maintenance through to snow clearing.
The business will continue to be managed by its CEO, Alf Sandberg, a highly experienced facilities management professional and proven entrepreneur. NWV have appointed Torben Carlsen, former COO of Gate Gourmet, as Crendo’s non-executive chairman.
The strategy will be to expand organically into towns where Crendo is not yet present, however we will also look to expand via bolt-on acquisitions.
