Instalco AB aquires Romerike Elektro AS
PROJECTMANAGER
Morten Rye Pedersen
MANDATE
Sell-side
INDUSTRY
Construction & Infrastructure
HVAC & Electrical installation
The Shareholders of Romerike Elektro AS have sold the company to Instalco.
PROJECTMANAGER
Morten Rye Pedersen
MANDATE
Sell-side
INDUSTRY
Construction & Infrastructure
HVAC & Electrical installation
The Shareholders reinvest a part of the renumeration into Instalco and becomes co-owners in the Nordic Group. Stratema has adviced the shareholders of Romerike Elektro.
Romerike Elektro was established in 1996 and has developed specialized skills within electrical intallations for large and medium sized projects for the Building Industry at Romerike and in the Northern Part of the Oslo region, such as apartment buildings, shoppingmalls, infrastructure and public buildings. The company has a service department as well, serving the privat and professional market at Romerike. The company has 40 employees.
Instalco was established in 2014. The Group has an annual revenue of 2,200 MNOK.
Instalco includes the companies Rörgruppen, PoB Elektriska, Klimatrör, VVS-Metoder, ORAB Entreprenad, OTK Klimatinstallationer, Rörläggaren, Expertkyl, Tofta plåt & ventilation AB, LG Contracting, El-pågarna, Ohmegi, El-Expressen, Bi-Vent, Vallacom and Voltmen OY.
Instalco’s vision is to establish a leading player within the industry with a high level of technical skills, efficient deliveries at the right time and with the capasity to execute solutions adding value for the customers.
FSN Capital ownes a majorty of the shares of Instalco. FSN Capital is a Nordic Private Equity company investing in medium sized companies in the Nordic Region, within the service sector, manufacturing industry and retail. FSN Capital has a capital of 10 mrd. NOK from Nordic and international funds with a view for long term investments.
Romerike Elektro is the first investment in Norway for Instalco. CEO Instalco – Per Sjöstrand: «We are proud of announcing the first acquisition in Norway on our way to become a Nordic Group. We will aquire more companies within electrical intsallation, plumbing and HVAC and enhance the interaction between the companies.»