GEZE Scandinavia AB
I Corporate Communications
Press Release COPENHAGEN, JULY 1ST 2021
GEZE makes local organizational changes to support growth
As of 1 July, GEZE changes its organizational structure for the subsidiary GEZE Scandinavia covering the five Nordic countries and the three Baltic countries. The changes have no consequences for our customers in each individual country. All customer agreements are automatically transferred to the new subsidiaries and branch offices in each country and the contractual basis of agreements, guarantees, and contact persons remain the same. GEZE Scandinavia has decided to change its organizational structure for several reasons. GEZE has outgrown the current structure which was established in the 1990s. The same goes for internal systems. Today, each country in GEZE Scandinavia is very closely linked both in terms of corporate structure and corporate systems, so a change in one country requires changes in all countries. This is inconvenient and inefficient. In several of the markets the growth for GEZE has been considerably why independent branch offices are required. Internally, this will contribute to more transparency and ease of administration in relation to taxes, VAT, and legal requirements, which vary from country to country. Benefits for our customers • We have a desire to become much more locally anchored through independent, local companies with locally adapted systems. This makes it easier to operate independently and agile in each country. It also makes us more adaptable to economic or legal changes in a country. •
In addition, with the restructuring we will be able to better embrace our future growth in both the Nordic countries and the Baltic countries, as well as further develop our local services.
1
I2