Instalco expands in Östergötland
Instalco strengthens its electricity operations in the Östergötland region, through the acquisition of APC Elinstallatören, based in the city of Linköping. The company primarily offers services within electrical installations, service and maintenance.
By acquiring APC, Instalco strengthens its position in Östergötland, where the group’s subsidiary Vallacom already has a presence.
APC has been active since 1993 and has 26 employees. Apart from its offering in electrical installations, service and maintenance, the company also provides project planning in power and lighting, telecom and data networks as well as automated systems. For the 2016/17 financial year, net sales amounted to approximately SEK 48 million.
“With APC, we strengthen our presence in the expansive region of Östergötland, including the important cities of Linköping and Norrköping. APC has a strong position in the region and is a company with good profitability, which will be a great complement to Vallacom”, says Klas Larsson, Business Area Manager West at Instalco.
Region Östergötland, IKEA, the National Property Board of Sweden, Specialfastigheter and Stanley Security are some of APC’s customers.
The company is owned by three employees who will remain in their current roles.
“It is very exciting to become a part of Instalco and receive the opportunity to continue growing through collaboration and best practice sharing with the other companies in the group. We continuously strive to improve and develop the company, which is why joining Instalco is a natural step”, says Anders Lindén, CEO of APC.
Instalco acquires 100% of APC Elinstallatören AB with completion today 26 April.
For more information
Adrian Westman, Head of Investor Relations
phone +46 73 509 04 00, e-mail email@example.com
Instalco is one of the leading installation companies in the Nordic region, active in the areas of heating, plumbing, electricity, cooling and industrial solutions. We work closely with customers, offering all the advantages of a local company, along with efficient collaboration and leadership. The operations are conducted through approximately 40 leading and highly specialised local companies, with the support of a small central organisation. Instalco is listed at Nasdaq Stockholm under the ticker INSTAL. For further information, visit www.instalco.se.