Sentia: Leading Nordic Construction Group Launched by Ratos
Deal News | Jan 22, 2025 | Ratos
Ratos, a Swedish business group specializing in technological and infrastructure solutions, has consolidated two of its subsidiaries, HENT and SSEA Group, to form a new leading Nordic construction company, Sentia. This move is aimed at enhancing collaborative capacities for large-scale projects within both the public and private sectors in Norway and Sweden. The integration leverages the already proven strengths of HENT and SSEA Group, emphasizing shared expertise and resources to drive competitive growth while maintaining profitability. The combined entity, Sentia, promises to bolster its market position through greater customer reach and a broader market platform, harnessing a shared corporate culture focused on results and continuous learning. As Sentia, HENT and SSEA Group will maintain their respective brands and operations in Norway and Sweden. Sentia's foundation aligns with responsible growth strategies prioritizing safety and sustainability in major tenders. The consolidation was finalized in December 2024, and both subsidiaries maintain over ten billion-krone projects with a notable client base in both sectors.
Sectors
- Construction
- Private Equity
- Infrastructure
Geography
- Sweden – Ratos is based in Sweden, and the SSEA Group operates predominantly within Sweden.
- Norway – HENT conducts its operations in Norway, and significant projects mentioned are located in Norway.
- Nordic – The consolidation aims to create a strong presence in the Nordic construction market, with operations primarily in Norway and Sweden.
Industry
- Construction – The article discusses the consolidation of two construction companies, HENT and SSEA Group, to form a new Nordic construction entity, Sentia.
- Private Equity – Ratos, the parent company initiating the consolidation, is a Swedish business group focusing on investments, highlighting the role of PE in strategic business restructuring.
- Infrastructure – The projects mentioned include large-scale public infrastructure and private sector developments, indicating the article's relevance to the infrastructure sector.
Financials
- NOK 9.5 billion – HENT's sales in 2023.
- SEK 2 billion – SSEA Group's sales in 2023.
Participants
Name | Role | Type | Description |
---|---|---|---|
Ratos | Parent Company | Company | A Swedish business group focusing on technological and infrastructure solutions, initiating the consolidation of its subsidiaries. |
Sentia | Target Company | Company | The new entity formed from the consolidation of HENT and SSEA Group, targeting the Nordic construction market. |
HENT | Subsidiary | Company | A Norwegian construction company, now a part of Sentia, known for large-scale projects. |
SSEA Group | Subsidiary | Company | A Swedish construction company, now a part of Sentia, focusing on public sector buildings. |
Jonas Wiström | President and CEO | Person | President and CEO of Ratos, overseeing the consolidation strategy. |
Jan Jahren | President and CEO | Person | President and CEO of HENT and Sentia, leading the new integrated entity. |
Christian Wieland | CEO | Person | CEO of SSEA Group and Vice President of Sentia, involved in the integration process. |