Adelis new majority owner in Nordomatic AB
Adelis Equity Partners Fund I (“Adelis”) has acquired a majority stake in Nordomatic AB from the existing owners. Closing is subject to anti-trust clearance and expected at the end of March.
"We have a very positive view on the market for building automation and ’smart buildings’. Nordomatic has over recent years become the leading independent provider of building automation services in Sweden. In partnership with management, our ambition is to support Nordomatic in the next phase of growth, including an expansion both in Sweden and across the Nordics,” says Jan Åkesson at Adelis.
Nordomatic will continue to operate independently and execute on the strategic plan for 2020 as decided by the board. Chairman of the board Torbjörn Torell and CEO Olov Schagerlund will continue in their respective roles.
”We have been involved in the development of Nordomatic together with management and other owners during an interesting period. The company has successfully grown revenues and profitability while improving its positioning in the market. Handing over to Adelis as new majority owner is a natural step for us and a positive change for the company,” says Mikael Ludvigson, Partner at Sobro AB.
”We thank Sobro for very good support in developing Nordomatic so far, and welcome Adelis as new majority owner. Adelis has very relevant and strong expertise within installation services, which will be beneficial to us. The market outlook is positive and we continue to execute on our strategic plan for 2020,” says Torbjörn Torell, Chairman of the Board.
For further information:
Jan Åkesson, Adelis Equity Partners, +46 8 525 200 01, firstname.lastname@example.org
Mikael Ludvigson, Sobro, +46 70 360 34 16, email@example.com
Torbjörn Torell, Chairman Nordomatic, +46 70 577 40 40, firstname.lastname@example.org
Nordomatic is the leading independent provider of energy-efficient smart building solutions to property owners and general contractors. Nordomatic has offices in Stockholm, Solna, Södertälje, Linköping, Norrköping, Jönköping, Kalmar, Växjö, Borås, Göteborg and Malmö. Nordomatic has 175 employees and revenue of SEK 330m. For more information please visit www.nordomatic.se.
About Adelis Equity Partners
Adelis is an active investor and partner in creating value at small and medium sized Nordic companies. Adelis was founded in 2012 with the goal of building the leading lower middle market investment firm in the Nordics. Adelis’ team members have extensive Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies. Our current fund size is approximately €400 million. For more information please visit www.adelisequity.com.