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    INSTAL   SE0009664253

INSTALCO AB (PUBL)

(INSTAL)
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Delayed Quote. Delayed Nasdaq Stockholm - 12/01 11:29:34 am
400.2 SEK   +0.30%
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Instalco : acquires ForssÚns Elektriska

07/05/2021 | 08:01am EST

Instalco will acquire Forsséns Elektriska AB in Södertälje, thereby growing the business in the area of control technology and automatics. The company specialises in automation installations in sensitive environments like hospitals and pharmaceutical manufacturing facilities.

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

https://news.cision.com/instalco/r/instalco-acquires-forssens-elektriska,c3379788

https://mb.cision.com/Main/15570/3379788/1440957.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 8 750 M 968 M 968 M
Net income 2021 558 M 61,7 M 61,7 M
Net Debt 2021 1 059 M 117 M 117 M
P/E ratio 2021 37,6x
Yield 2021 0,80%
Capitalization 20 427 M 2 261 M 2 260 M
EV / Sales 2021 2,46x
EV / Sales 2022 2,09x
Nbr of Employees 4 597
Free-Float 81,5%
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Number of Analysts 2
Last Close Price 399,00 SEK
Average target price 511,00 SEK
Spread / Average Target 28,1%
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Managers and Directors
Robin Boheman Chief Executive Officer
Christina Kassberg Chief Financial Officer
Per Wiking Sj÷strand Chairman
Leif Johnny Alvarsson Independent Director
Per Olof EhrlÚn Independent Director