Corena Group Ab, the service arm of the Lamor Group, will be merged into the parent company. This will streamline operations and simplify Lamor’s offering.
Lamor Corporation’s board of directors decided to consolidate Corena Group Ab, a wholly-owned subsidiary, under OneLamor strategy. The merger is expected to take effect on 1 April 2020 and will not affect clients.
“This is a fantastic opportunity to better serve our customers,” says Mika Pirneskoski, Lamor CEO. “By bringing Corena Group Ab fully into the Lamor organisation we will be able to provide a truly integrated offering under one structure.”
Corena Group Ab was established to differentiate and promote the service business of the Lamor Group. However, the industry continues to evolve and it is now clear that one organisational structure will bring simplicity and clarity in Lamor’s relationship with their customers.
The Lamor Group will be able to eliminate duplicate functions and achieve synergies by merging Corena Group Ab into Lamor. Additionally, consolidation of the group’s offerings under the OneLamor brand will increase awareness of their environmental service line. The main beneficiaries of this increased efficiency will be Lamor’s customers as they receive more cost effective and streamlined solutions.
Lamor operates in 104 countries and works in many more on a project basis. In addition to equipment and solutions from a network of affiliates, Lamor is able to offer a unique suite of services from early stage planning to operations and legacy responsibility. This includes oil spill response, waste management, water treatment, integrated environmental solutions, and training services from one trusted partner. This offers simplified procurement through a single point of access.
The merger will result in no change to the corporate name, business line or head office, Lamor’s clients will continue to enjoy the same high-quality solutions as before.
“Now we have one company to provide complete solutions which follow the operational arc of our clients” says Santiago Gonzalez, Corena Group Ab Regional VP. “Our customers will continue to enjoy top-quality and consistent standards across this arc and at any location around the world.”