Assemblin strenghtens position in ventilation and district heating
Stockholm (Sweden), 24 September 2020 – Assemblin, a Triton IV Fund portfolio company, has recently acquired the companies Luftkompaniet Sjöblom AB (Luftkompaniet) and Mälardalens Fjärrvärme Entreprenad AB (Mälardalens Fjärrvärme) thereby strengthening its position in ventilation and district heating in Sweden.
The ventilation company Luftkompaniet operates primarily in the Stockholm region, with annual sales of approximately SEK 80 million and around 15 employees. The company has enjoyed continuous growth and healthy profitability since its founding in 1990 offering different types of works contracts, but also provides certain service operations.
District heating company Mälardalens Fjärrvärme employs 11 people in Västerås and has cutting-edge expertise in district heating and culvert work. The acquisition forms the second add-on to Assemblins platform for the district heating market in the Mälardalen region which commenced with the acquisition of Industri- och Värmemontage Werme AB in 2019.
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 makes this possible through close local collaboration and are supported by a strong organisation. We have annual sales of SEK 10 billion and about 5,900 dedicated employees at around 100 locations in the Nordic region. Read more at: www.assemblin.se
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 43 companies currently in Triton's portfolio have combined sales of around €17,4 billion and around 96,700 employees.
For further information: www.triton-partners.com