Röko acquires 75% of Renovotec

“The relationship with Röko will give us greater financial firepower, enabling Renovotec to grow more rapidly through acquisition and diversification” says Renovotec managing director Richard Gilliard (pictured), who will continue as MD and will also own 25% of the company. Röko investment manager UK and Norway Anders Nordby will become Renovotec chairman. Renovotec co-founder Lance Bennett will remain on the board.

Röko targets growing and profitable companies for acquisition: with 270 million Euro in capital and ten companies in its investment portfolio, its declared ambition is to be ‘the eternal owner of European small- and medium sized business’.

Renovotec was founded in 2009 by Lance Bennett and Richard Gilliard, since when it has enjoyed continued growth and profitability. Renovotec operates out of four offices, has 75 employees and has won industry plaudits for its innovation and independence.

https://renovotec.com/