Nimlas subsidiary Konstel acquires Teca Group – reaches NOK 3 billion
Nimlas Norwegian subsidiary, Konstel, has acquired Teca Group, one of Western Norway’s leading multi-technical installation providers. The acquisition marks three strategic milestones for Konstel: entry into a new geographic region, an expanded multi-disciplinary offering, and a pro-forma revenue over NOK 3 billion.
The acquisition is also a key step in Nimlas Group’s long-term growth strategy. The “2–20–2” strategy: to deliver SEK 2 billion in EBITA, reach SEK 20 billion in revenue, and expand into 2 new markets by 2029.
Teca Group includes the companies Teca and TekniskBureau, with 340 employees and a projected annual revenue of NOK 570 million. The group provides a wide range of installation and service solutions in the construction, marine and industrial segments, with offices in Stord, Bømlo, Kvinnherad and Stavanger.
“With the acquisition of Teca, we’re not only entering a new region and adding technical capabilities; we’re also taking a clear step toward our 2–20–2 strategy. This is how we build the future success in the technical installation industry,” says Christer Järkeborn, CEO of Nimlas Group.
According to Terje Myhre, CEO of Konstel, the acquisition reflects the group’s core strategy of building regional clusters of strong local companies sharing resources and competence.
“Teca Group represents exactly what we look for when entering a new region: solid size, strong profitability, high technical competence and a leading market position. With this acquisition, we not only expand geographically, but we also strengthen our overall offering by adding new technical disciplines to Konstel. That benefits our customers, our people and our long-term competitiveness,” says Myhre.
The acquisition of Teca, along with Lauareid Service earlier in June, builds the foundation for a new regional cluster in Western Norway. This move also signifies Konstel’s strategic expansion beyond its core electrical installation services into a broader array of technical disciplines. Following in the footsteps of its Nordic sister companies Sandbäckens in Sweden and QMG in Finland, who are both multi-disciplinary providers.
Completion of the acquisition is subject to approval by the Norwegian Competition Authority.
For media inquiries, please contact:
Christoffer Järkeborn, CEO Nimlas Group, christoffer.jarkeborn@nimlasgroup.com
Terje Myhre, CEO Konstel, terje.myhre@konstel.no
About Nimlas Group
Nimlas Group is a leading Nordic technical installation and service group with more than 4,500 dedicated employees active across over 130 locations in Sweden, Finland, and Norway. The group provides services as of the full range of technical disciplines ranging from heating and sanitation to electricity, automation, ventilation, cooling/refrigeration, and fire safety, as well as related services such as design and security. Nimlas’ vision is to continue its strong growth by attracting installation companies where Nimlas aims to provide the best environment for companies to grow. The group has a turnover of approximately SEK 9 billion pro forma. Nimlas is owned by funds managed by KLAR Partners.
About Konstel
Konstel is Norway’s leading multi-local electrical installation group. With the acquisition of Teca Group, Konstel now comprises 36 companies and approximately 1,700 employees, with a pro forma turnover exceeding NOK 3 billion. Konstel is the Norwegian entity within Nimlas Group.
