Volati strengthens its acquisition capacity by expanding existing credit facilities
Volati strengthens its acquisition capacity by expanding its existing credit facilities with Nordea and SEB by SEK 750 million. Acquisitions are a central part of Volati’s strategy, and since 2022, the company has completed 15 value-creating add-on acquisitions, contributing a total annual revenue of SEK 2.4 billion. The expansion of the credit facilities is in line with Volati’s ambition to maintain a high acquisition pace. In total, the credit facilities now amount to SEK 3,650 million, of which approximately SEK 2,200 million had been utilized by the end of 2024 – providing the capacity to finance acquisitions of companies with annual revenues exceeding SEK 2 billion.
“We are actively working to develop our businesses into larger and stronger platforms through organic growth, operational improvements and add-on acquisitions – both in the Nordics and the rest of Europe. By expanding our credit facilities, we gain even better conditions for acquisition-driven growth,” says Martin Aronsson, CFO of Volati.
In 2024, Volati delivered strong cash flow generation and reduced its net debt to 2.6x in the fourth quarter, which falls in the middle of Volati’s financial target of net debt between 2–3x. Combined with the expanded credit facilities, this provides Volati with solid conditions and capacity for acquisition-driven growth.
The credit facilities are being expanded within the framework of the existing agreement, with unchanged terms and a remaining maturity of approximately three years. The facilities are subject to the sustainability-linked structure established in April 2023, which is tied to Volati’s sustainability efforts as described in Volati’s sustainability report.