Stockholm-based installation company Instalco has completed its acquisition of Enter Ställningar AB, adding approximately SEK 970 million in sales during the first quarter. The acquisition, which was approved by the Swedish Competition Authority, is part of Instalco’s ongoing acquisition agenda to become the best harbor for installation, technical consulting, and industry companies.
Robin Boheman, CEO of Instalco, stated that “All of them are excellent, specialized companies that are a nice fit with Instalco,” in reference to the three major acquisitions made during the quarter: Lysteknikk, Enter Ställningar, and Processus, along with three smaller ones, which were Telepatrol, RP Montage, and SMT.
Enter Ställningar, headquartered in Gothenburg, has around 120 employees and annual sales of around SEK 340 million. The company provides full-service offerings in construction and industrial scaffolding, serving the southwestern region of Sweden. Instalco will acquire 100 percent of the shares in Enter Ställningar AB, as of March 28.
“I am very pleased to now have Enter Ställningar onboard,” said Boheman. “We will continue pursuing our strategy of growing stronger in the industrial segment and see great opportunities for synergies with our other Instalco companies.”
Instalco’s acquisition of Enter Ställningar is expected to have a marginally positive impact on Instalco’s earnings per share. The company’s ongoing acquisition agenda aims to grow stronger in the industrial segment and pursue the best companies in the sector.
Instalco’s Acquisition Agenda
Instalco’s acquisition agenda has seen the company acquire a total of six companies during the first quarter of 2023. The company’s strategy of growing stronger in the industrial segment is reflected in its acquisitions, which have included Lysteknikk, a company specializing in the installation of heating, ventilation, and air conditioning systems; Processus, a technical consulting firm; and Enter Ställningar, a construction and industrial scaffolding company. In addition to these major acquisitions, Instalco has also acquired three smaller companies: Telepatrol, a company specializing in telecommunications installations; RP Montage, an installation company; and SMT, a technical consulting firm. Instalco’s acquisition agenda is part of the company’s broader strategy to become the best harbor for installation, technical consulting, and industry companies. The company places great emphasis on caring for and further developing the companies it acquires, along with ensuring that they remain profitable as part of the Instalco Group.Impact on the Industrial Segment
Instalco’s acquisition of Enter Ställningar is expected to have a positive impact on the company’s presence in the industrial segment. Enter Ställningar’s full-service offerings in construction and industrial scaffolding are a natural fit with Instalco’s focus on installation, technical consulting, and industry companies. The acquisition is also expected to create synergies with Instalco’s other companies, providing opportunities for cross-selling and expanding the company’s capabilities. The acquisition is part of Instalco’s broader strategy of growing stronger in the industrial segment, which is expected to continue with future acquisitions.Conclusion
Instalco’s acquisition of Enter Ställningar AB has been completed after approval by the Swedish Competition Authority. The acquisition is part of Instalco’s ongoing acquisition agenda to become the best harbor for installation, technical consulting, and industry companies. With the acquisition of Enter Ställningar, Instalco adds approximately SEK 970 million in sales during the first quarter. The acquisition is expected to have a marginally positive impact on Instalco’s earnings per share and is expected to create synergies with the company’s other companies, providing opportunities for cross-selling and expanding its capabilities. Instalco’s acquisition agenda has seen the company acquire a total of six companies during the first quarter of 2023, including Lysteknikk, Processus, and Enter Ställningar, as well as three smaller companies. The company’s strategy of growing stronger in the industrial segment is reflected in its acquisitions, which aim to pursue the best companies in the sector. Instalco’s emphasis on caring for and further developing the companies it acquires, along with ensuring their profitability, is part of the company’s commitment to maintaining a strong and sustainable business. The company’s acquisition agenda is expected to continue as it pursues growth in the installation, technical consulting, and industry sectors. Overall, the completion of the acquisition of Enter Ställningar is a significant development for Instalco and is expected to contribute to the company’s continued success in the industrial segment.
