Instalco divests Tim Kyla AB
Instalco has decided to divest Tim Kyla AB (Timab), a company with 38 employees and annual net sales of approximately SEK 89 million.Timab, based in Stockholm, is a general contractor for grocery stores with a focus on food cooling. Timab was established in 2004 and has been part of Instalco since 2016. The buyer is Nordic Climate Group. The divestment is done to streamline the operations in Instalco’s Stockholm business area. "Timab has long been part of Instalco and the company has performed well during its time in our group. Timab is now facing a new phase in a challenging market