Fremtind has acquired a 23.9% stake in SOS International, becoming a major shareholder and enhancing its capabilities in the Nordic travel assistance market.
Information on the Target
Fremtind has acquired a stake in SOS International, becoming one of the major shareholders in one of the leading assistance companies in the Nordic region. SOS International is a prominent player in health and travel insurance, providing emergency assistance to Nordic travelers worldwide through its 24/7 alarm centers located in Denmark, Sweden, Norway, and Finland. The company's services encompass global medical and travel assistance, roadside assistance, and various health services.
Currently, Fremtind has an existing agreement with SOS International that facilitates services and support for its insurance customers traveling around the globe. CEO Turid Grotmoll expressed satisfaction with the company's delivery and stated that being a major shareholder will allow for improved customer service and greater utilization of new technology and innovative solutions.
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Industry Overview in the Nordic Region
The Nordic region experiences a robust travel assistance market, with SOS International being one of its three major roadside assistance players, alongside Viking
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