Analyst Group Comments on the Tellus Group's Acquisition of Sandvikens Friskola AB
Published: September 16, 2026
IR - Regulatory Affairs, Operations
Analyst Group has published a commentary on the Tellus Group's acquisition of Sandvikens Friskola AB, which operates the Sandviken International Montessori School.
In the commentary, Analyst Group analyzes, among other things, the acquisition’s valuation, financing, and impact on the Tellus Group’s financial position. Analyst Group also highlights the structure of the additional purchase price, in which a portion of the consideration is contingent on future regulatory developments regarding independent schools.
Analyst Group believes that the business’s historical profitability and established local demand provide the conditions for stable cash generation. At the same time, the acquisition means that Tellusgruppen is establishing a presence in Gävleborg County, thereby expanding the Group’s geographic reach.
Analyst Group also notes that the transaction fits within the Tellus Group’s existing capital structure and describes the acquisition as representative of the Group’s strategy to add established educational operations with a clear pedagogical profile and local demand.