Clever is a well-established German company with approximately 200 employees in Senftenberg. Ettiketto Group and Clever have a similar product portfolio and operations, creating good conditions for Ettiketto Group to further develop Clever through operational improvements and synergies. These measures, which involve certain costs, are expected to gradually take effect over the first two years. As a result, Clever’s margin, which is currently significantly lower than that of Ettiketto Group, is expected to improve. The acquisition of Clever also establishes a strong foundation for future add-on acquisitions in Central Europe, where Ettiketto Group can leverage its proven ability to generate profitable growth through acquisitions. Following the acquisition, Ettiketto Group’s annual revenue amounts to approximately SEK 1.2 billion.

“Ettiketto Group has acquired five companies between 2020 and 2024 and increased its revenue from approximately SEK 250 million to approximately SEK 900 million. Ettiketto Group has also significantly improved the margins of the acquired companies, creating conditions for strong organic profit growth in recent years. The acquisition of Clever provides an opportunity to continue this development in the Central European market," says Andreas Stenbäck, CEO of Volati.

“We are pleased to welcome Clever to Ettiketto Group. Clever is a well-established company with a strong position in the German market, one of the largest in Europe. Strategically, the company is a great fit for Ettiketto Group and shares our core values of high product quality, strong customer focus, and first-class service. This acquisition is an important step in our ambition to become a leading player in the label industry in Northern Europe," says Rikard Ahlin, CEO of Ettiketto Group.

Growth through acquisitions is a central part of Volati’s strategy for creating long-term value growth. The ambition is to develop its businesses into larger and stronger platforms through organic growth, operational improvements, and strategic add-on acquisitions, both in the Nordic region and the rest of Europe. The acquisition of Clever is Volati’s third add-on acquisition in the last twelve months, contributing approximately SEK 900 million in annual revenue.

The acquisition is financed through Volati’s existing credit facilities, and the transfer of shares takes place immediately.