The divestment of Falck Safety Services is in line with Falck’s overall strategy to focus on its core business. Falck President & CEO Jakob Riis said:
“We are focusing our business and reducing complexity to build leadership in our core business areas. Safety Services is a leader in rescue and safety training. During recent years, Safety Services has reduced cost significantly and is well into its turn-around that was initiated following the recent recession in the oil and gas sector. We have evaluated the future ownership of Safety Services. We believe that Polaris can provide the focus and financial capacity needed to enhance Safety Services’ leadership.”
Polaris is a Danish-owned private equity firm with activities across a range of industries and experience building growth companies, including providers of critical services to the renewable energy industry, among others. Partner and CFO at Polaris Henrik Bonnerup said:
“Safety Services is an exciting and globally leading company with the broadest range of nationally and internationally accredited training courses in the world. We see good growth opportunities in the company’s markets where increasing safety demands and a higher degree of outsourcing to professional partners generate great potential. Safety Services’ competent employees, its unique offering to customers and the company’s strong market position form a great platform for generating growth and building an even stronger business based on world-class customer service and global operating procedures.”
Torben Harring will continue as CEO of Safety Services under Polaris’ ownership. Harring said:
“Polaris’ ownership strengthens Safety Services. Following the effect of the downturn in the oil and gas sector, we conducted a thorough and necessary global cost adjustment and carved out one third of our cost base. In parallel we initiated the process of streamlining the business. With the outlook to improve profitability significantly and with Polaris as a new strong owner prepared to fuel our growth, we can now fully focus on accelerating the transformation and development of our business. I’m looking very much forward to start collaboration with Polaris.”
The parties have agreed not to disclose the sales price, and closing is expected during September 2018.
Falck press service on +45 7022 0307 or write to firstname.lastname@example.org Polaris, Henrik Bonnerup on +45 2166 8766 or write to email@example.com
About Falck Safety Services
Falck Safety Services is an international leader in rescue and safety training, providing safety services to the oil & gas, maritime, renewable energy and other high-risk industries. Falck Safety Services trains staff in safe conduct and survival skills aimed at preventing accidents and injuries. Falck has built these activities from their origin in Denmark into an international leader with 1,000 employees at 33 centres in 20 countries around the world.
Falck is an international leader in the ambulance and healthcare markets. With more than 100 years of experience, Falck works together with local and national authorities to prevent accidents, illness and emergency situations, to rescue and assist people in emergencies quickly and competently and to rehabilitate people after illness and injury. Falck operates in 35 countries and has more than 37,300 employees.
Read more about Falck at: www.falck.com
Polaris is a Danish/Swedish private equity firm headquartered in Copenhagen, which invests in well- established medium sized companies in the Nordics. Since 1998, Polaris has raised 4 funds and obtained capital commitments of EUR 1.2bn. Polaris’ focus is to invest in companies with growth and development potential. To date, Polaris has invested in 38 companies and completed more than 60 add-on investments. Polaris currently owns 13 companies with total revenue of EUR +1bn and 5,000 employees.
Read more about Polaris at: www.polarisequity.dk
RelyOn Nutec is a global firm dedicated to protecting people, assets, and the environment. CEO Torben Harring discusses propagating competence and compliance through cutting-edge technologyArticle 9. July 2021
In this techtalk we look at digital CofW solutions, their key features, and the benefits they deliver over paper-based systemsArticle 9. July 2021
Getting it right: the selection of training for Assessors and Verifiers is crucial to ensuring a quality and sustainable Competence Assurance Process.Article 15. June 2021
The strategic partnership allows ISN to provide its members with RelyOn Nutec’s eLearning courses across its worldwide platform.Article 11. June 2021
We discuss the benefits that can be delivered through the use of advanced simulation in the training and assessment of lifting personnelArticle 7. June 2021
RelyOn Nutec and Area9 Lyceum form strategic alliance to disrupt training and learning development for the energy sector globally
RelyOn Nutec and Area9 enter into a long-term strategic alliance to bring adaptive learning technology to the energy sector globally.Article 3. June 2021
RelyOn Nutec and Crowley have signed a memorandum of understanding (MOU), to directly enhance the availability of offshore wind safety training across the U.S.Article 2. June 2021
RelyOn Nutec and United Education have signed a Memorandum of Understanding to deliver specialist consultancy and training solutions within Iraq.Article 2. June 2021