Malmö/Stockholm – Funds advised by Triton ('Triton') have completed the acquisition of Akeab, from the majority owner Priveq Investment Fund IV L.P. Akeab is a leading supplier of excavation work and non-building construction services in the southern part Sweden. The terms of the acquisition were not disclosed.
'We look forward to supporting Akeab’s management and employees as a stable owner by investing in and supporting the growth and development of the company. Our strong industry expertise in the business services sector, gained through other investments and strengthened by senior industry experts, will contribute in taking Akeab to the next level. We look forward to working together with the management team and the Board of Directors in building a stronger company', said Peder Prahl, the Managing Partner of Triton Partners.
“We believe that Triton and Akeab make a great fit. The industry expertise that Triton possess will be of strong importance as we continue our growth. We in the management team are very happy to continue to be significant shareholders in the company together with Triton,” says Peter Condrup, CEO of Akeab.