Lindström expands business in Europe through acquisitions
The Finnish textile service group Lindström is consolidating its position in the European market. In November and December, the company acquired the mat business of five companies in Turkey, Croatia, Serbia, Czech Republic and Hungary
With the company acquisitions, Lindström strengthens its position in Eastern and Central Europe and is now providing mat services in a total of 16 European countries.
“South Eastern Europe is a very important market for us, and we are boldly seeking growth there. Turkey, Croatia and Serbia are in an extremely interesting stage for our growth, and we want to leverage the growth potential that the markets offer,” says Lindström Group president & CEO Juha Laurio.
Lindström has offered workwear services in Croatia and Turkey before and now the range of services in these countries is expanding to mats. In Serbia, Lindström started with workwear services in 2014 and expanded to mat services later that year.
In Hungary Lindström has been operating since 1994, and this year marks 20 years since the company started operations in the Czech Republic.
The company provides clothes for over one million people daily worldwide, and there are over one million square meters of Lindström mats on the premises of customers. An increasing amount of the company’s turnover comes from its international operations.