Back    18.05.15

Instalco Group acquires three companies in West Sweden

Instalco Group, an FSN Capital IV portfolio company, has recently expanded into West Sweden by way of three add-on acquisitions of leading local players. The establishment is consistent with Instalco’s strategy of establishing a complete national presence in Sweden.

Ekspertkyl AB
The market-leading player within refrigeration and HVAC solutions on the Swedish West Coast, Expertkyl is managed by Jonas Hagman and Johan Hagman who inherited the family business in 2003. The company has grown its revenues at 29% CAGR in 2003-2013, while earning multiple growth company awards.

LG Contracting
LG Contracting is a heating and plumbing installer specializing in partnering solutions, a fast growing, low-risk contracting form. Since foundation in 2001 by Klas Larsson and Ove Gustafsson the company has grown significantly. Its 60 person strong workforce operates out of its offices in Karlstad and Örebro.

Per Sjöstrand, Instalco CEO, commented “LG works a lot in partnering, which we consider positively and look forward to benefit from this competency within the group”.

Tofta is a ventilation installer based in Lidköping and run by Kristian Grönskog. The company serves customers within residential, office and industrial sectors across a large area.

According to Kristian Grönskog “Becoming part of Instalco will enable Tofta to reach the next level”.

For more information please contact:

Morten Welo
COO & Investor Relations
+47 924 48 555

Peter Möller
+46 8 5450 3933