Instalco acquires Dala Kylmecano
Instalco grows in northern Sweden through the acquisition of Dala Kylmecano, a company specialised in heat pumps and cooling solutions.
Dala Kylmecano has been active since 1969 and is based in Borlänge, Sweden with approximately 20 employees. The company sells and carries out installations of heat pumps for residential buildings and offers cooling installations for all types of construction projects. In addition, the company has a unit active in dishwashing equipment and installation of medical technology equipment. For the 2016/17 financial year, net sales amounted to approximately SEK 30 million.
“With Dala Kylmecano, we strengthen our operations in northern Sweden and increase our expertise in heat pumps and cooling. The company will be a great add-on to our heating and plumbing companies around the city of Borlänge, where we see good possibilities for collaboration and growing the cooling business”, says Johan Larsson, Business Area Manager North at Instalco.
The company is owned by four employees who will remain in their respective roles.
“Dala Kylmecano has a long history and strong local ties to Borlänge and the Dalarna region, and we are excited to take the next step in our development together with Instalco. To become part of a greater whole gives us further opportunities to grow and we look forward to collaborating with the other companies in the group”, says Christina Sonesson, CEO of Dala Kylmecano.
Instalco acquires 100% of Dala Kylmecano, with immediate completion.
For more information
Adrian Westman, Head of Investor Relations
phone +46 73 509 04 00, e-mail email@example.com
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 40 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.