2016-06-21: Sergel changes owner to Marginalen
During the past few months our current owner, Telia Company, has made a strategic overview evaluating the structural solution of Sergel Group. This morning the agreement to divest the Sergel companies to Marginalen was announced. The deal was signed yesterday and is based on a continued deep partnership between Sergel and Telia Company. The transaction is conditional on relevant regulatory approvals, including the Swedish Financial Supervisory Authority as well as Competition Authorities. Closing of the transaction is expected to take place in the third quarter 2016.
I’m very proud of Sergel Group, our results, our “We care” values, but even more of our employees who have contributed so much to our progress over the past years. I think Marginalen and Sergel is a really good match. Like us, Marginalen has both private and business customers. We will bring our experience and size to the table and in return, we will gain their broad portfolio of services and wide range of customers. Together we can compete in the market much better than we would have done separately. By maintaining our high level of service and commitment to all our customers surely we will be as appreciated by Marginalen as we have been by Telia Company. says Indra Åsander, CEO of Sergel Group.
Telia Company has come to the conclusion to divest Sergel Group after a thorough strategic review, where Sergel was deemed not to be non-core to Telia Company. During recent years Sergel has developed into a strong, competent and well run business. Telia Company conclude that the growth potential can be better materialized by the new owner.
As a customer to Sergel Group, Telia Company believes that Sergel will be able to deliver the same high quality service and close cooperation with Telia Company also under the ownership of Marginalen. It is reassuring for Sergel Group to know that the long-standing relationship between Sergel and Telia Company is highly valued and will remain under Marginalens ownership. Sergel’s services will continue to be an important part of Telia Company’s value chain also in the future.
Sergel is one of the leading providers of credit management services in Norway, Finland, Denmark, Latvia and Lithuania with approximately 360 employees. Sergel is owned by Marginalen.