# Kreate acquires remaining stake in Karell Schakt AB to grow Swedish earthmoving operations

Kreate Sverige AB acquired the remaining 66% of Karell Schakt AB, an earthmoving company in Sweden, to support its growth strategy in the country.

- Type: Acquisition
- Announced: 2024-05-28
- Where: Sweden
- Status: completed
- Products: earthmoving services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Kreate Group](https://endata.com/companies/77690.md) (acquirer)
- [Karell Schakt AB](https://endata.com/companies/77691.md) (target)

## Sources

- [kreategroup.fi](https://kreategroup.fi/en/stock-releases/kreate-acquired-rest-of-karell-schakt-ab-aiming-to-grow-the-companys-earthmoving-operations-in-sweden/), 2024-05-28: "Kreate Sverige AB has on 28 May 2024 acquired the remaining share capital in Karell Schakt AB."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.