Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Hydroscand is a Swedish family-owned business that sells and distributes hose and fluid components. The company is represented in 19 countries in Europe, Asia and Africa. Hydroscand Group has 1 400 employees at over 250 branches, and has a turnover of 246 MEUR. Hydroscand AB was established in Stockholm, in 1969.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedHas an entity in Russia (LLC "Hydroscand" reg.# 4707039120) working under franchise.
Received revenues in Russia in 2021-2022 but completely cut off from Hydroscand Group in accordance with the sanctions from the EU. They were previously supplied via Hydroscand in Estonia, but that supply chain was ended in February 2022 as a result of Russias invasion of Ukraine. 02.2024: SMARTLAB LLC becomes the new founder of the organization. The entry about the founder of JSC "HYDROSСAND GROUP" has been removed from the Unified State Register of Legal Entities.
| March 02, 2022 | Hydroscand Group statement regarding Ukraine |