Quant Announces Strategic Transformation Plan

STOCKHOLM, May 20, 2019 /PRNewswire/ -- Quant today announces a strategic transformation plan that enables future revenue growth and investment in employees and customers. The transformation plan reshapes the current seven operational regions into four regions, refocuses group support functions on People and Safety, Commercial, Finance and Operations, and investigates strategic alternatives for countries of subcritical size. The execution of the transformation plan will start immediately and is expected to improve adjusted EBITDA in excess of EUR 4 million on a run-rate basis once completed in December 2020.

Quant today announces a strategic transformation plan that enables future revenue growth and investment in employees and customers. A global restructuring program reshapes the organization from the current seven regions into four regions. The reduced organizational complexity enables a more effective sales approach and better operational development support to Quant's customer sites.

The four regions will be Scandinavia, Europe, Americas and Rest of World. Our home market Scandinavia consists of Sweden, Norway and Denmark. Europe centers on Finland to ensure that the integration of the acquired Sataservice is concluded, and also includes Switzerland, Estonia, Spain, Poland and the Czech Republic. Americas combines North and South America into one region consisting of USA, Chile, Argentina, Brazil and Mexico. Rest of World consists of China and United Arab Emirates. A temporary region Other is created for countries of subcritical size where strategic alternatives will be evaluated. Region Other will contain Australia, Belgium, Canada, France, Germany, Italy, Latvia, Namibia, Netherlands, New Zealand, South Africa, and the United Kingdom.

The transformation plan refocuses the group support functions and leadership teams into four functions: People and Safety, Commercial, Finance and Operations. The new People and Safety function is an investment in Quant's most important asset, its people. Strengthened business-oriented talent management ensures improved career opportunities and leadership for our people, and that our customers meet well-equipped teams. Commercial is a new team-based approach to business development with additional pre-sales functions – a key to success in sales. A further priority will be the development of Quant's value proposition, including the rapidly developing digital toolbox. We have over the last two years invested in developing a suite of digital tools to better support our customers and enhance Quant operations. A cross-functional digital team will ensure capitalization on this investment in future service offerings. Operations will integrate IT for a more customer-centric approach to deployment of Quant's digital tools.