Thomas Concrete Group acquires Polish Scanbet

Thomas Concrete Group is now acquiring the remaining shares of the Polish concrete company Scanbet. Since earlier this spring, the group owned 84 percent of the company.

"We, along with the previous shareholders of Scanbet, agree that the best way to operate and develop the company, is for Thomas Concrete Group to own the entire operation. There is a lot happening in the concrete industry right now, especially in the area of sustainability. The acquisition creates opportunities for Scanbet to continue being a strong player for the future," says Hans Karlander, President and CEO, Thomas Concrete Group.

In 2021, Thomas Concrete Group became a partner of Scanbet. This spring, the company acquired additional shares and became the majority owner with 84 percent of the shares.

"We choose to invest and broaden our offering to the market to remain strong when the economic situation in the construction industry hopefully turns more positive. Scanbet has operated in the Swedish, Polish, and German markets for a long time, and complements our offering of prefabricated concrete. Through Scanbet, we gain production and sales for these products in additional countries, and can better adapt to a varying market situation and different economic conditions in the industry in the future," says Hans Karlander.

Scanbet has been producing precast concrete elements for over 30 years. Now that Thomas Concrete Group is taking over the entire operation, it is a well-regarded company with a total of 200 employees and an annual turnover of 22 million euro.

The acquisition was finalized on 1 October.

For further information, please contact:

Hans Karlander, President and CEO, Thomas Concrete Group AB
Tel: +46 104 50 50 00
hans.karlander@thomasconcretegroup.com