Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

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

Exited Exit Completed
Revenue(RF), mln.USD
15
Assets(RF), mln.USD
14
Capital(RF), mln.USD
11
Staff(RF), 2021
190
Taxes(RF), mln.USD
2

Has an entity in Russia (LLC "Hydroscand" reg.# 4707039120) working under franchise.

The Company Statement
February 27, 2024

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.

Open the Statement
Statements Archive
March 02, 2022Hydroscand Group statement regarding Ukraine
Share the Company Status:
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
Scanner