Instalco acquires Forsséns Elektriska

2021-07-05 14:00:00

Forsséns Elektriska was established in 1979 and the company has 40 employees. For the most recent financial year it reported sales of approximately SEK 65 million. Forsséns focuses on electrical solutions in the area of control technology and automatics for industrial and pharmaceutical processes, as well as property automation.

"Forsséns is a very reputable, well-run company with the right kind of leadership that makes it a nice fit with the Instalco culture. By acquiring Forsséns, we gain high expertise in control technology and automatics and in particular, they become a natural partner for our subsidiary, JN El in Södertälje, says Tobias Eriksson, Business Area Manager for Instalco Stockholm.

The company works with both new construction and renovation projects, frequently as a subcontractor in major construction projects. Their largest customers are Nordomatic and Lindinvent.

"We're looking forward to joining the Instalco Group and adding our specialist expertise and knowledge. Joining Instalco will enable us to further development our employees and business," says Johan Forssén, CEO at Forsséns Elektriska.

Instalco will acquire 100 percent of the shares in Forsséns Elektriska AB as of 5 July 2021.

For further information

Fredrik Trahn, Head of IR and Communications
phone +46 70 913 67 96, e-mail fredrik.trahn@instalco.se

Instalco is one of the leading installation companies in the Nordic region, active in the areas of heating, plumbing, electricity, cooling, technical consulting and industrial solutions. We offer project planning, design, installation, service and maintenance of systems installed at properties and facilities throughout Sweden, Norway and Finland. The operations are conducted through approximately 95 leading and highly specialised local companies, with the support of a small central organisation. Instalco is listed at Nasdaq Stockholm under the ticker INSTAL. For further information, visit www.instalco.se

Cision