2005 - 2006 - Pinsent Masons Water Yearbook 2012

SWEDEN PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
Sweden
Läckeby Water Group
Läckeby was founded in 1935 and is a privately held water engineering and services company which
is 13% held the Sixth Swedish National Pension Fund (Sjätte APfonden), 41% by the Baltic Rim Fund
Ltd, (managed by Euroventures Management AB), LR Miljö and Energi AB owns 36% and Hans
Malm 10%.
Läckeby Water Group, profit & loss account
SEK (million) 2003 2004
Purac (Contracting) 112 350
Läckeby Products (Products) 27 43
Läckeby (Servicing) 17 33
Operating revenues 156 426
Total operating income 158.3 436.8
Operating profits 3.7 17.0
Interest -0.4 -3.8
Pre-tax profit 1.5 13.2
Läckeby provides day-to-day servicing, renovation and maintenance work for municipal and industrial
clients in Sweden. This includes the municipalities of Borgholm, Halmstad, Håbo, Kalmar,
Kristianstad, Strängnäs, Trosa, Vetlanda and Värmdö, while industrial clients include NSR, Syvab,
VA-Ingenjörerna, Veolia Water AB and WSP.
Läckeby acquired Purac from AWG in December 2003. Acquiring Purac represents the largest
expansion in the company’s history, bringing Purac’s process engineering activities into the group.
Purac is one of the leading process engineering companies in China and has gained a broad range of
contracts in South East Asia, Scandinavia and Central & Eastern Europe. AWG used Purac as a
technology platform for gaining international concession contracts. Bekkelaget Vann AS (the Oslo
wastewater treatment works operations company) was sold to Läckeby Water AB by AWG in 2005.
Norway
2000 Oslo 13 year concession 250,000 sewerage
Purac was awarded a £40 million design and build contract with Kaldnes and Selmer for the
Bekkelaget sewage treatment works serving Oslo in 1998 with a PE of 350,000. The first phase
entered into operation in 1999, with completion due in 2001. In October 2000, AWI was awarded a 13
year operating concession for the facility with an optional five year extension period. The 13 year
contract is worth £100 million.
Contact Details:
Name: Läckeby
Address: Mosekrogsvägen 2
SE 380 31 Läckeby
Tel: +46 480-381 00
Fax: +46 480-606 63
Web: www.lackebywater.se
Carsten Olsson (Chairman)
Hans Malm
333 Pinsent Masons Water Yearbook 2005 – 2006