The acquisition follows on from the news that Debe Flow Group had acquired the operations of TerraRoc Finland Oy in 2023.
Speaking about the acquisition of TerraRoc Finland Oy at the time, Oscar Heydorn, Group CEO of Debe Flow Group, said: "TerraRoc is an exciting and well-established company that we have had collaborations with in recent years. The opportunity to acquire the business arose during the summer and it fit well into our expansion. Over the past year, through our recent acquisitions in the drilling industry, we have started to build something very exciting. We now have the opportunity to create a group of companies, with cutting-edge expertise in different parts of the drilling industry, where we as a group can develop together and see a great future with incredible potential."
Commenting on the change of ownership of TerraRoc Ltd CEO, Mario Andrade, said: "Being part of the Debe Group, with its impressive annual turnover and a history of robust growth, places us in a position of enhanced strength and stability. Our combined expertise will bring unparalleled value to our customers and access to a broader range of capabilities and resources, ensuring that we continue to meet your needs effectively and efficiently."
Debe Flow Group is a group of brands and companies with cutting-edge expertise in their respective areas. The Group is a complete supplier of Swedish-made equipment for water supply, geoenergy, water treatment, circulation, sewerage and control technology for waterborne heating systems. In recent years, the Group has experienced strong growth and now has sales of more than SEK600 million (US$57 million).
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