Brand recognition to support further M&A
Today, Green Landscaping (GLG) announced its first deal in Germany, with the acquisition of Schmitt & Scalzo, an outdoor maintenance-, landscaping- and infrastructure service provider in Hessen, Germany (headquartered southwest of Frankfurt). The company was founded in 1996 and GLG claims that the company has long-standing relations with public customers, and that the entrepreneur behind Schmitt & Scalzo is well-regarded in the addressable regions. The company had sales of EUR 13m (~SEK 151m), with margins "exceeding that of GLG". According to the CEO of GLG, this acquisition will be used as a platform for GLG to further expand in Germany, with the reputation of Schmitt & Scalzo expected to facilitate further M&A.
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