Instalco strengthens its offering in the Industrial area with the acquisition of Liab Instrumenteringar AB in Karlstad. The company manufactures and installs control systems and automation equipment for industry.
Liab was founded in 1988 by its owners, Tomas Lundquist and Nils-Olov Lundquist, who are brothers. The company currently has 17 employees and sales of approximately SEK 36 million.
Its main focus is on manufacturing and installation of automation equipment to industrial and process plants. Customers are primarily in the pharmaceutical, paper & cellulose and oil industries.
"The acquisition of Liab further expands our industrial discipline, where we now have 15 subsidiaries. Liab is run by entrepreneurs with the right Instalco spirit, and the acquisition opens up new opportunities for synergies with the other Instalco subsidiaries in our industrial group," says Johan Larsson, Business Area Manager for Instalco North and Industrial.
"We've been collaborating with Instalco companies for quite some time and are now looking forward to developing those collaborations further as part of the Group," says Tomas Lundquist, CEO at Liab.
For further information
Fredrik Trahn, Head of IR & 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 110 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
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