Röko AB is a Stockholm-based investment company and serial acquirer that focuses on the long-term ownership of European small- and medium-sized enterprises (SMEs). Founded in 2019 by former Lifco CEO Fredrik Karlsson and Tomas Billing, the company employs a decentralized business model, acquiring majority stakes in founder-led, niche businesses while empowering local management teams to operate independently. Röko's portfolio consists of over 30 companies spanning diverse sectors, broadly categorized into Business-to-Business (B2B) and Business-to-Consumer (B2C) segments. The B2B segment is the largest revenue contributor, accounting for roughly 65% of total sales, while the B2C segment makes up the remainder. The company targets asset-light businesses with strong market positions, stable historical profit development, and EBITA margins of at least 15%. Key acquisitions include companies like Golfshopen in Norway, ITIB Machinery in Italy, and various specialized manufacturing and retail firms across the UK and Europe. By avoiding heavy central bureaucracy and focusing on disciplined capital allocation, Röko aims to generate sustainable, long-term compounding growth.
