Instalco Group enters Norway, Finland and continues to strengthen its Swedish operations
Instalco Group, a portfolio company of FSN Capital IV, continues its acquisitive growth strategy by acquiring eight leading local players. The group has established a presence in Norway and Finland through three acquisitions – Romerike Elektro (NO), AR Prosjekt (NO) and Voltmen (FI). In addition, Instalco has solidified its position on the installation market in Sweden by completing the acquisitions of Ohmegi, El-Expressen, Vallacom, Bi-Vent and Elpågarna.
A leading electrical installation player in the Romerike region (North of Oslo, Norway). Romerike Elektro offers its customers a full service portfolio of electrical installations for renovation, new construction and service. The company employs 40 people and has sales of around NOK 60 million. Romerike Elektro was founded in 1996.
Similarly to Romerike Elektro, AR is based in Romerike, Norway. It offers electrical installations mainly targeting larger construction projects, such as building of shopping malls, hotels, hospitals and schools. It was founded in 2007 and today has a turnover of around NOK 30 million.
Voltmen is an electrical installation company active in the region of Helsinki, Finland. Its main focal areas are service and smaller projects for public authorities and corporates. Voltmen has 16 employees and a turnover of around EUR 1.6 million.
Founded in 1982, Ohmegi has grown to become one of the major electrical installation companies active in the expanding greater Stockholm market (Sweden). The company has a turnover of around SEK 170 million and employs 120 individuals. Ohmegi delivers complete solutions for electrical, telecom, technical and security installations, in addition to solutions for service and maintenance.
An electrical installation company founded 1986 in South Sweden (Lund / Malmö region) that focuses on service and smaller projects. El-Expressen has a turnover of around SEK 30 million and 18 full-time employees.
Founded in 1995 and based in Linköping, Sweden, Vallacom offers electrical, cable TV, fiber network, solar power and energy efficiency installations. Vallacom holds a leading market position in its region and has sales of around SEK 75 million and 50 employees.
Bi-Vent is a contracting and service company specialising in Heating & Plumbing installations. It has a turnover of around SEK 110 million, 50 employees and manages approximately 300 service agreements throughout South Sweden.
One of the leading and most experienced electrical service companies based in Malmö, Sweden. Elpågarna was founded in 1988. Currently it has 20 employees and revenues of around SEK 25 million.
Following the acquisition, Instalco Group includes 18 member companies with operations in 3 countries and is expected to have a consolidated turnover in excess of SEK 2 billion in 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