Assemblin signs agreement to acquire Fidelix
Stockholm (Sweden) December 9 2020 – Assemblin, a Triton IV portfolio company, has signed an agreement to acquire Fidelix Holding Oy with subsidiaries (“Fidelix”). Through the acquisition, Assemblin will strengthen its competence within building automation and the company´s position on the Finnish market.
Fidelix was founded in Finland 2002 and has since then developed to become one of the leading players in the Nordics within climate smart building automation and management systems. With the mission to create smart buildings for a healthier future, Fidelix has developed several market-leading products and customer solutions that they sell, install and maintain in Finland and Sweden. The company has annual sales exceeding SEK 540 M (EUR 54 m) and 360 employees.
The acquisition means that Assemblin increases the ability to meet the future needs for climate smart and efficient installation solutions.
" The entire construction sector is changing, and we intend to actively participate in the transformation now underway. Fidelix cutting edge competence strengthens and complements Assemblin’s offering and accelerates our development journey. This acquisition is wholly in line with our strategic focus on technologies and digital systems that enhance smart and sustainable installation solutions. I am therefore thrilled to welcome Fidelix employees, customers and suppliers to the Assemblin Group" , says Mats Johansson, President and CEO of Assemblin.
The transaction is subject to approval from the competition authorities.
Assemblin is an end-to-end installation and service partner with operations in Sweden, Norway and Finland. Assemblin designs, installs and maintains technical systems for air, water and energy. The company´s vision is to create smart and sustainable installations that make buildings work and people feel comfortable. Assemblin does this through close local collaboration supported by a strong organisation. Assemblin have annual sales of approximately SEK 10 billion and 5,800 dedicated employees at more than 100 locations in the Nordic region. Read more at assemblin.com.
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
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 45 companies currently in Triton's portfolio have combined sales of around €18,2 billion and around 100,800 employees.
For further information: www.triton-partners.com