Instalco Group boosts operations in Norway and Sweden through additional add-on acquisitions
Instalco Group, a portfolio company of FSN Capital IV, has continued to execute on its growth strategy by making four additional add-on acquisitions – TIMAB (SE), Rørteft (NO), Dalab (SE) and Installatör AB (SE). The acquisitions are consistent with Instalco’s strategy of establishing a complete national presence in Sweden and strengthen operations in the Oslo area in Norway.
TIMAB offers a full service portfolio of HVAC, electrical and heating & plumbing installation solutions for food retailers in the Stockholm area (Sweden). The company was founded in 2004 and has sales of SEK 65 million.
A supplier of heating & plumbing installation services in the Olso area (Norway). Rørteft primarily offers heating & plumbing installation for residential housing. It was founded in 2007 and currently employs 24 people. The company has a turnover of NOK 51 million.
Dalab is a leading supplier of HVAC and heating & plumbing installation services in the region around Dalarna in Sweden. The company has 45 employees and offers services for both new projects and modernization. Dalab has a turnover of SEK 93 million.
A heating and plumbing company with over 50 years of experience in the region around Dalarna, Sweden. Operations include installation for new projects as well as modernization of residential buildings, schools and commercial buildings. The company has a turnover of SEK 46 million and employs 45 individuals.
Following the acquisitions, Instalco Group has operations in 3 countries and has estimated run rate LTM sales of SEK 2.4 billion as of July 2016.
For more information please contact:
Per Sjöstrand, CEO Instalco
+46 707 24 51 49
Peter Möller, Partner
+46 8 5450 3933
Morten Welo, Partner & COO/IR
+47 924 48 555