PHM is a leading Northern European provider of residential property maintenance and management services, caring for the homes of several million residents across its geographies. Norvestor’s strategy is to consolidate the defensive, profitable and fragmented Northern European market. Digitalization of the business will be accelerated to further efficiency, add-on sales and customer service. PHM business model is conducive for M&A, having completed more than 100 add-ons during Norvestor ownership, with local operational autonomy and central service provision. The business model’s resilience is supported by a high share of recurring revenues from a diversified customer base, and the Company’s role as a provider of essential services.