Instalco is acquiring Rörmokaren AB in Norrköping and thereby continuing its expansion in Östergötland, Sweden. Rörmokaren has a strong service offering, which is in line with Instalco's strategy to grow that part of the business.
The company was established in 1989 and it currently has around 20 employees. For the 2019/2020 business year, sales were approximately SEK 31 million.
"For electrical installations, Instalco has had a strong position in this region for quite some time. Now, with the acquisition of Rörmokaren, we will add heating & plumbing installations to our offering and thereby become multidisciplinary. Rörmokaren is an excellent fit with our other companies in the area as well," says Peter Hjerpe, Business Area Manager for Instalco East.
Rörmokaren has a complete service offering for heating, plumbing and ventilation installations. It offers turnkey installations for industry, office premises and stores, as well as a full range of service. It mainly works with property companies, construction companies and housing cooperatives.
"It feels quite stimulating to be joining the Instalco Group and begin collaborating with the other subsidiaries, particularly those in our local market. We're happy to contribute our expertise in heating & plumbing installations to the Instalco team of companies in Östergötland and are excited about gaining access to other knowledge that exists within the Group," says Mathias Asplund, CEO at Rörmokaren.
Instalco will acquire 100 percent of the shares in Rörmokaren AB as of 12 May 2021.
For further information
Fredrik Trahn, Head of IR and Communications
phone +46 70 913 67 96, e-mail firstname.lastname@example.org
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 90 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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