Assemblin has signed an agreement to acquire Skanska Installation from Skanska Sverige
Malmö (Sweden), 25 July 2016 - Assemblin, a Triton Fund IV company, announced today that it signed an agreement to acquire Skanska Installation from Skanska Sverige. Completion is subject to regulatory approval. Following the necessary approvals and formal closing, Skanska Installation’s roughly 830 employees, spanning over 20 locations in Sweden, will join Assemblin.
“The acquisition of Skanska Installation represents a significant enhancement for Assemblin in the areas of electrical engineering, heating & sanitation and ventilation,” says Lars-Ove Håkansson, Chairman of the Board at Assemblin AB.
“The employees of Assemblin and Skanska Installation will join forces to form a very strong organisation with tremendous development potential.”
Assemblin is one of the Nordic region’s leading installation and service companies, with operations in Sweden, Norway and Finland. With the strength of a multidisciplinary Group and the personal presence of a local company, we design, install and maintain technical systems for electricity, heating, sanitation and ventilation in offices, shopping centres, homes and industrial premises. Our net sales are approximately SEK 7 billion and with more than 5,000 employees in over 100 locations in the Nordic region, we are wherever you are. For you.
Find out more at www.assemblin.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 26 companies currently in Triton's portfolio have combined sales of over €11 billion and over 53,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com