Instalco strengthens its position in electrical installations in Finland
Instalco has acquired Sähkö-Buumi Oy, thereby strengthening its position as a provider of electrical installations in Finland.
Sähkö-Buumi is an electrical installation company founded in 1992 and based in Helsinki. The company specialises in electrical installation work in conjunction with apartment renovations. For the 2017 business year, sales were approximately SEK 34 million.
“Sähkö-Buumi is a reputable provider of electrical installations in Finland and it has already been collaborating with the Instalco company, LVI-Paavola, on several projects. The acquisition further strengthens our offering in the Helsinki region,” says Robin Boheman, Business Area Manager for Instalco Finland.
The company currently has around 25 employees and besides renovation work, it also focuses on energy efficiency improvements, automation installations and service.
“Becoming a part of Instalco is very exciting and it feels like the natural next step for us in developing the business. We look forward to working with the other Instalco companies,” says Sami Vanhamäki, CEO of Säkhö-Buumi Oy.
Instalco will acquire 100 percent of the shares in Sähkö-Buumi Oy as of 30 November 2018.
For more information
Robin Boheman, Business Area Manager Instalco Finland
Telefon +46 73-336 71 42, email@example.com
Fredrik Trahn, Head of Communications and IR
phone +46 70 913 67 96, e-mail firstname.lastname@example.org
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 50 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.