Speed Group to install Nordic region’s largest solar-panel roof

2020-02-10

The Nordic region’s largest rooftop photovoltaic (PV) system – both in terms of size and capacity - will be installed on Speed Group’s new head office and warehouse, located outside Borås, Sweden. The system, which will cover an area as big as 11 football pitches, is expected to produce 4GWh of green electricity per year, equivalent to the annual consumption of 400 villas. The initiative will provide Speed Group with an attractive green logistics offering and make the warehouse CO₂ positive.

“We can now offer our new and existing customers an attractive green logistics solution, which is becoming increasingly sought after. This warehouse will provide our customers with a CO₂-neutral solution. As we automate our warehouses, our energy needs are also increasing, and these needs can now be met with solar power produced at our own facility,” says Mats Johnson, CEO of Speed Group.

Speed Group’s new warehouse and head office will be completed on an ongoing basis, with the entire building, comprising 83,000 square metres, expected to be fully operational by May 2020. The PV system will cover an area of 60,000 square metres.

“This initiative is an exciting and natural step both from a business perspective for Speed Group and from a social and sustainability perspective. Ratos is convinced that there is a strong link between sustainability and long-term value creation, and these issues are top priorities for us in our ownership role,” says Christian Johansson Gebauer, Head of Business Area Construction & Services at Ratos and Chairman of the Board of Speed Group.

Ratos became the majority owner of Speed Group in 2015. Today, Speed Group is a national supplier of logistics, staffing, recruitment and training services, with a strong position in an attractive underlying market. The company has approximately 1,050 employees and sales of SEK 707m for 2019.

For further information, please contact:
Christian Johansson Gebauer, Head of Business Area Construction & Services, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

About Ratos:
Ratos is a corporate group consisting of 12 companies divided into three business areas: Consumer & Technology, Construction & Services and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop medium-sized companies with headquarters in the Nordic region that are or have the potential to become market-leading. We make it possible for independent medium-sized companies to excel by being part of something larger. A focus on people and leadership, culture and values are key components of Ratos. Everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People.