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Castellum unveils business consolidation plan

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Capital Markets View – January 2021


Castellum unveils business consolidation plan

Castellum ABsaid April 4 that it will consolidate all group companies under the Castellumbrand and establish a new structure with stronger local focus for itsoperations.

In order to simplify its group structure, the Swedishcompany will reorganize its six subsidiaries, which will operate in fourregions, namely West, Central, Stockholm and Öresund. The common brand andsimplified structure are intended to generate business opportunities for thecompany.

Eklandia Fastighets AB and Harry Sjögren AB will beconsolidated to form the West region, and it will be led by Cecilia Fasth.Fastighets AB Corallen and Aspholmen Fastigheter AB will be consolidated toform the Central region. Claes Larsson will lead the region.

Fastighets AB Brostaden will become the Stockholm region tobe led by Anders Nilsson. Fastighets AB Briggen will become the Öresund regionto be led by Ola Orsmark.

Claes Junefelt, former CEO of Fastighets AB Corallen, willremain Castellum's head of project development within the Central region.Christer Sundberg,former CEO of Harry Sjögren AB, will retire in the spring, as previouslyannounced.

Concurrently, the company said it will undertake efforts to "createa more uniform organization, shared support functions and qualitative,efficient support processes." Castellum will also launch "several"strategic initiatives to develop next generation cities.

The new group structure and common brand will be implementedduring 2016, and the changes will be preceded by union negotiations, accordingto the news release.

"We are now taking Castellum to the next level andsetting the structure for our continued growth. This change will strengthen ourlocal decision-making power and speed, while also taking better advantage ofour size and market trends in order to grow, develop our business and delivervalue to our shareholders," Castellum CEO Henrik Saxborn said.