The Swedish Competition Authority has approved Instalco’s acquisition of Elkontakt i Borås

Instalco has received approval from the Swedish Competition Authority to acquire Elkontakt i Borås AB and all subsidiaries in the Elkontakt group. Hence, the acquisition will take place within five business days. 

Elkontakt currently employs approx. 80 people and is a complete provider of electrical, telecommunications and data installation services. The company has specialty expertise in installations at new construction projects, primarily in logistics centres, warehouse and production plants, and apartments. For the financial year that ended in August 2017, net sales amounted to approx. SEK 200 million.

Instalco acquires 100% of Elkontakt I Borås AB, Elkontakt Entreprenad i Stockholm AB, Elkontakt i Göteborg AB and Elkontakt i Syd AB.

For more information
Per Sjöstrand, CEO Instalco
phone +46 70 724 51 49, e-mail per.sjostrand@instalco.se 

Adrian Westman, Head of Investor Relations
phone +46 73 509 04 00, e-mail adrian.westman@instalco.se 

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 30 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.