News - 2022
Storskogen UK acquires Tornado Group – January 2022
Last year I realised I have been working for 50 years, 45 of them with the Tornado, so decided it was time to start thinking about retirement. As it would be difficult to do that effectively while still owning the business, I decided it was time to consider selling.
I am writing to inform you that we have concluded that process and the ownership of Tornado has now changed. On 14th January, Storskogen UK Ltd acquired a majority stake in the business, see link to press release below. Storskogen is listed on the Stockholm stock market and specialises in owning and operating well-managed small and medium-sized businesses based in Scandinavia, UK and DACH. In total it owns some 100 businesses with around 7,000 employees. It is a huge vote of confidence in the strength of the Tornado business model that a company of the scale and stature of Storskogen is choosing to invest in it.
I am delighted to be handing over to Storskogen; they share our commitment to quality and investment so you will see no difference in your day-to-day dealings with us. The existing management team and all staff will remain in place. I will continue in my current role for the immediate future and will remain on the board for at least four years.
It is our firm expectation and belief that Tornado will flourish under this new structure and the added strength benefit of belonging to an international group will further strengthen our future plans.
If you have any questions please feel free to contact me directly by email: [email protected] or speak to your normal contact.