Anticimex AB Acquisition, Valuation, Funding & Investors

Anticimex AB was acquired by EQT for $7B in June 2021.

Anticimex AB acquisition price

$7B

Acquired by EQT · Jun 2021

Anticimex AB revenue

$840M

Undisclosed stage · Nov 2019

Cumulative funding Anticimex AB raised

$440M

across 1 funding round

Key investors in Anticimex AB

  • GIC
  • AMF

Anticimex AB Overview

About Anticimex AB

Anticimex AB is a Stockholm-headquartered specialist in preventive pest control operating across Europe, Asia-Pacific, and the United States. It delivers integrated solutions including digital monitoring via Anticimex SMART technology and pest insurance policies to residential, commercial, and industrial clients.


Founded

1934

HQ

SwedenStockholm

Status

Acquired

Customer focus

B2B & B2C

Revenue model

Services

Revenue

$840M (Nov 2019)

Valuation

$4.4B (Nov 2019)

Anticimex AB Acquisition

Anticimex AB was acquired by EQT for $7B on 8 June 2021.

Before the acquisition Anticimex AB had raised $440M across 1 funding round.

On 8 June 2021 EQT announced that its newly launched longer-hold strategy, later formalised as the EQT Future fund, had agreed to acquire pest control group Anticimex from the EQT VI fund. The transaction was struck at an enterprise value of SEK 60 billion. The investment was made alongside a group of long-term co-investors: Melker Schorling AB, which became the second largest shareho

Anticimex AB acquisition details
AcquirerDateTypePrice
8 Jun 2021PE buyout$7B

Sources: eqtgroup.com, eqtgroup.com

Anticimex AB Valuation

Anticimex AB is currently valued at $4.4B, based on its undisclosed-stage round in November 2019.

The $440M round was led by GIC.

Anticimex AB's valuation has grown 1.7x from $2.7B at its secondary sale in October 2017 to $4.4B in November 2019, across 2 priced rounds.

Anticimex AB valuation by funding round

Revenue multiple
Anticimex AB valuation by funding round
DateStageValuationRevenue Multiple
Nov 2019Undisclosed stage$4.4B5.3x
Oct 2017Secondary$2.7B-

Anticimex AB Revenue

Anticimex AB's latest recorded revenue is $840M, as of its undisclosed-stage round in November 2019. At a $4.4B valuation, that implies a 5.3x revenue multiple.

Anticimex AB revenue by funding round

Anticimex AB revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2019$840M$4.4B5.3xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Anticimex AB Funding History

Anticimex AB has raised a total of $440M across 1 funding round, plus 1 secondary share sale.

Anticimex AB funding rounds

Anticimex AB funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2019Undisclosed stageGIC (lead)$440M$4.4BAnticimex AB is a global pest control company that has grown significantly through acquisitive expansion and organic growth in digital pest control solutions. The company operates across multiple markets with strong positions in Europe and North America, utilizing advanced technology platforms including SMART devices for pest monitoring and control. In November 2019, the EQT VI fund announced the sale of a 9.9% stake in Anticimex to GIC (Government of Singapore Investment Corporation), a large institutional investor, in a transaction valuing the company at approximately EUR 3.6 billion. GIC acquired the same mix of instruments as EQT held, with the transaction expected to close in Q4 2019. The partnership was designed to internationalize the shareholder base and accelerate expansion in Asia, where GIC brings deep investment expertise. During EQT's ownership period prior to the GIC investment, Anticimex had nearly quadrupled its revenues and increased operating earnings by six times. For the 2019 fiscal year, Anticimex reported revenue of nearly SEK 8.0 billion (approximately 750 million EUR), driven by strong acquisitive growth from 37 acquisitions coupled with 4% organic growth. Operational EBITA increased 35% in 2019 through direct efficiency improvements, acquisition synergies, and margin expansion across 18 of its 20 operating platforms. The installed base of SMART pest control devices reached approximately 132,000 units, representing a 50% compound annual growth rate since 2015, reflecting the company's digital transformation strategy. The company's customer base includes approximately 90% commercial sector clients such as hotels, restaurants, and construction firms in the Asia-Pacific region, with nearly 1,700 employees in that region out of more than 7,000 globally. Additional investors alongside EQT and GIC include Swedish pension funds and institutional investors such as Alecta, AMF, and AP6, as well as Swedish billionaire Melker Schorling's investment vehicle.
Oct 2017SecondaryAMF-$2.7BAMF invested SEK 1.5 billion in the pest control group Anticimex by buying shares from EQT's sixth fund, which sold about 19 per cent of the company to a group of minority investors that also included Sjatte AP-fonden, Volito and Cubera. The transaction valued Anticimex at roughly EUR 2.3 billion, or about SEK 22 billion, and left EQT as majority owner. AMF has since remained a roughly ten per cent shareholder and describes Anticimex as one of the more mature businesses in its unlisted portfolio.

Who has invested in Anticimex AB?

2 investors have backed Anticimex AB across its funding rounds, including GIC and AMF.

Lead investors include GIC.


Anticimex AB Investors

Investors in Anticimex AB by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Anticimex AB

Anticimex AB has acquired 8 companies to date.

Last acquisition by Anticimex AB was on June 16th 2025. Anticimex AB acquired Metro Guard Termite & Pest Control for undisclosed valuation.


Latest Acquisitions by Anticimex AB

Metro Guard Termite & Pest Control
SafeHaven Pest Control
Abby’s Pest & Termite Services
Turner Pest Control
Description
Metro Guard Termite & Pest Control is a pest management company providing termite treatments, roach extermination, mosquito control, and rodent removal services. Based in Dallas, Texas, it operates across North Texas with integrated pest management plans using EPA-approved products. The firm protects residential and commercial properties including apartments and restaurants year-round.
SafeHaven Pest Control is a provider of extermination services targeting termites, bed bugs, rodents, and mosquitoes in residential and commercial properties. The company deploys integrated pest management techniques including baiting stations, fumigation, and heat treatments across the southeastern United States. SafeHaven Pest Control operates from bases in Florida and Georgia, offering preventive maintenance contracts and emergency response.
Abby’s Pest & Termite Services is a family-owned pest control company based in Central Florida, delivering integrated pest management for homes, businesses, and schools. Services encompass termite inspections using Sentricon bait systems, general pest exclusions with perimeter treatments, mosquito fogging, and rodent control through trapping and sealing. Certified technicians follow EPA guidelines and provide warranties on treatments across counties like Orange and Seminole.
Turner Pest Control is a pest management service provider serving residential and commercial properties in the southeastern United States. Headquartered in Georgia with branches in Florida and Alabama, the company treats termites, rodents, bed bugs, and ants using integrated pest management protocols. Turner employs certified technicians offering quarterly maintenance plans, one-time exclusions, and 24/7 emergency responses. Founded over 40 years ago, Turner protects homes, apartments, schools, and businesses with eco-friendly products from brands like Bayer and Syngenta.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Dallas, TX
Dallas, TX
-
Jacksonville, FL
Deal Date16 Jun 202516 Jun 202516 Jun 20251 Mar 2018
Valuationundisclosedundisclosedundisclosed$521M
EV/Revenue
EV/EBITDA

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Anticimex AB Competitors

Anticimex AB competitors include listed companies like ISS World, Elis, Brookfield Business Corp and Sodexo, and private ones like China Post and Vanta Ventures.

Public and private companies comparable to Anticimex AB
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ISS WorldDenmarkDenmarkPublicly listed$13B$837M$7B0.7x
China PostChinaBeijingPrivate--$7.5B-
ElisFranceFrancePublicly listed$5.5B$1.9B$5.6B1.9x
Brookfield Business CorpUnited KingdomUnited KingdomPublicly listed$27B$6.6B$5.3B9.0x
SodexoFranceFrancePublicly listed$28B$1.7B$9.5B0.5x
Vanta VenturesUnited StatesUnited StatesPrivate$220M-$4.2B18.9x

Anticimex AB Public Comps

Anticimex AB is no longer listed, but its public comps include ISS World, Elis, Brookfield Business Corp, UniFirst, Sodexo, Alliance Laundry Systems, Wuchan Zhongda Group Co, MITIE Group, Rentokil Initial and ABM Industries.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ISS World$13B$837M0.7x0.7x11.1x9.7x
Elis$5.5B$1.9B1.9x1.9x5.6x5.3x
Brookfield Business Corp$27B$6.6B2.1x9.0x8.7x23.9x
UniFirst$2.4B$326M1.9x1.8x14.2x14.1x
Sodexo$28B$1.7B0.5x0.5x8.4x9.7x
Alliance Laundry Systems$1.7B$382M3.5x3.4x15.7x12.9x
Wuchan Zhongda Group Co$89B$1.5B0.1x0.1x8.5x7.3x
MITIE Group$7.5B$385M0.6x0.6x11.1x8.4x

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Common questions about Anticimex AB

When was Anticimex AB founded?Anticimex AB was founded in 1934.
Where is Anticimex AB headquartered?Anticimex AB is headquartered in Stockholm, Sweden.
Is Anticimex AB publicly listed?No, Anticimex AB was acquired by EQT in June 2021.
Who acquired Anticimex AB?Anticimex AB was acquired by EQT in June 2021.
How much was Anticimex AB acquired for?Anticimex AB was acquired for $7B in June 2021.
What is Anticimex AB's valuation?Anticimex AB was last valued at $4.4B in its undisclosed-stage round in November 2019.
How much funding has Anticimex AB raised?Anticimex AB has raised $440M across 1 funding round.
What was Anticimex AB's last funding round?Anticimex AB's last funding round was a $440M undisclosed-stage round in November 2019, led by GIC.
Who are Anticimex AB's investors?Anticimex AB's investors include GIC and AMF.
What is Anticimex AB's revenue?Anticimex AB's latest recorded revenue is $840M (November 2019).
What is Anticimex AB's revenue multiple?Anticimex AB's latest valuation implies a 5.3x revenue multiple ($4.4B valuation on $840M of revenue).
Which companies are comparable to Anticimex AB?Companies comparable to Anticimex AB include ISS World, China Post, Elis, Brookfield Business Corp, Sodexo and Vanta Ventures.
How many companies has Anticimex AB acquired?Anticimex AB has acquired 8 companies, including Metro Guard Termite & Pest Control, SafeHaven Pest Control, Abby’s Pest & Termite Services, Turner Pest Control and American Pest.
What was the largest acquisition by Anticimex AB?The $521M acquisition of Turner Pest Control in March 2018 is the largest acquisition Anticimex AB has made to date.

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