Novedo acquires ProvideU
The Novedo group of companies has acquired ProvideU AB. This is Novedo’s fourteenth acquisition since its establishment in 2021, the second in 2022, and another step towards its IPO, which is planned for the first half of 2023. Including the acquisition Novedo have pro-forma sales of SEK 1.2 billion, EBITDA of SEK 144 million and 770 employees.ProvideU is a Västerås-based company that Fredrik Forngren established in 2008 together with Mikael Rehnberg. ProvideU supplies custom-made components and complete systems (PCBA and box-build). The company has operations in Sweden and Estonia, with