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New Deal


Announced

Green Landscaping Group to acquire Schmitt & Scalzo.

Synopsis

Green Landscaping Group, a landscaping company that provides park management, construction, and landscaping services, agreed to acquire Schmitt & Scalzo, a specialist in landscaping, land development, infrastructure such as water and sewage systems, and outdoor maintenance. Financial terms were not disclosed. "I am happy to welcome Schmitt & Scalzo´s owners and employees to Green Landscaping Group. Schmitt & Scalzo is a company delivering high-quality services with a strong customer focus and impressive profitability. And, importantly, the company has done so for a long time with recurring public customers in various fields of work. A strong company culture has made this company what it is today. We have spent two years analyzing and understanding the German market, talking to numerous companies trying to find the best entrepreneur to partner with before making our entry into Germany. We found that company in Schmitt & Scalzo, with Francesco Scalzo at the helm. To me, it is the ideal platform from which we build our further expansion in Germany," Johan Nordström, Green Landscaping Group CEO.

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