Novedo acquires Elinzity
The Novedo group of companies has acquired Elinzity AB. This is Novedo’s thirteenth acquisition since its establishment in 2021 and another step towards its planned IPO in the first half of 2023.Elinzity is a Gothenburg-based company in the electrical installation sector founded by Ola Fogelmark and Björn Lundberg in 2005. It has annual sales of approximately SEK 95 million and favourable profitability. “The company has expanded rapidly and began to secure many major projects. We felt that being part of something bigger would offer us extra muscle and security. Novedo will provide us