Instalco acquires Sprinklerbolaget and creates new area of operation
Instalco broadens its offering through the acquisition of the sprinkler company Sprinklerbolaget Stockholm AB, with nation-wide operations in fire protection and sprinkler systems.
Sprinklerbolaget was founded in 2007 and currently has 45 employees at its offices in the Swedish cities of Västerås, Helsingborg and Säffle. For the 2017 financial year, preliminary net sales amounted to approximately SEK 75 million. IKEA, DHL, Akzo Nobel, Peab and Fastec are some of its customers.
Sprinklerbolaget is a fire protection company certified according to SBF (from the Swedish Fire Protection Association) and offers planning, installation, service and maintenance of automatic fire suppression systems with a speciality in fire sprinkler. In 2017, the subsidiary Automationsbolaget Sverige AB was founded, which offers ventilation system control programs.
“Through the acquisition of Sprinklerbolaget, we broaden Instalco into a new area of operation. We see several synergies between our existing units and Sprinklerbolaget, as they are working within the same geographic areas. In addition, they already collaborate with a few of our companies, such as Rörläggaren at the construction of the research facility ESS in Lund and Knutpunkten in Helsingborg”, says Per Sjöstrand, CEO of Instalco.
Sprinklerbolaget is owned by 6 colleagues who will remain with the company, including CEO Thomas Hyllén Olsson.
”It is very exciting to become part of Instalco’s successful group of companies. Through Instalco, we will get the opportunity to reach new customers, and we can more easily initiate collaboration with the other Instalco companies”, says Thomas Hyllén Olsson, CEO of Sprinklerbolaget.
Instalco acquires 100% of Sprinklerbolaget Stockholm AB, with completion today 9 January 2018.
For more information
Per Sjöstrand, CEO Instalco
phone +46 70 724 51 49, e-mail per.sjostrand@instalco.se
Adrian Westman, Head of Investor Relations
phone +46 73 509 04 00, e-mail adrian.westman@instalco.se
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.