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    INSTAL   SE0009664253


Delayed Quote. Delayed Nasdaq Stockholm - 01/17 11:29:42 am
343.6 SEK   -1.26%
01/13Resolutions at the extraordinary general meeting in Instalco
01/13Instalco Buys Electrical Supply Group In Sweden
01/13Acquisition of TC-Kraft and Z-Signaler
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Instalco expands it offering to the mining industry

11/18/2021 | 02:01am EST

Instalco is expanding its offering in the Industrial area via the acquisition of MRM Mining AB and EPS Sweden AB in Gällivare. MRM Mining AB offers services to the mining industry and EPS Sweden AB offers technical maintenance work in the Arctic region.

For the most recent financial year the combined annual sales of these two companies were approximately SEK 75 million.

"We are breaking new ground with the acquisition of MRM Mining and EPS Sweden by expanding into a new, interesting market for us in the northernmost region of Sweden. It will enable us to offer services in the infrastructure area and the growing market in the north," says Robin Boheman, CEO at Instalco.

MRM Mining is a full-range supplier of industrial services such as installation and service with the mining industry as its main market. Some of its major customers are ABB, Boliden, LKAB and Vattenfall. EPS Sweden specializes in technical maintenance work in demanding environments and the company collaborates with electricity distribution companies, railways and traffic authorities, among others. Its customer base consists of, for example, PEAB, Boliden, ELTEL, LKAB and Vattenfall.

"We're looking forward to joining the Instalco Group and contributing our expertise and customer base. It is also a great opportunity for further developing our two companies," says Mattias Nilsson, CEO at MRM Mining.

Instalco will acquire 100 percent of the shares in MRM Mining AB and EPS Sweden AB, as of 17 November 2021.

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 100 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



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

Stocks mentioned in the article
ChangeLast1st jan.
INSTALCO AB (PUBL) -1.26% 343.6 Delayed Quote.-19.89%
All news about INSTALCO AB (PUBL)
01/13Resolutions at the extraordinary general meeting in Instalco
01/13Instalco Buys Electrical Supply Group In Sweden
01/13Acquisition of TC-Kraft and Z-Signaler
01/13INSTALCO AB (OM : INSTAL) acquired Tc Kraft Ab.
01/03Instalco to Buy Norwegian Heating, Plumbing Firm Manglerud Rørleggerbedrift
01/03Instalco expands its heating & plumbing business in Norway
01/03INSTALCO AB (OM : INSTAL) agreed to acquire Manglerud Rørleggerbedrift As.
2021Change of number of shares and votes in Instalco
2021Instalco acquires prestigious Lidingö Elektriska
2021INSTALCO AB (OM : INSTAL) acquired Aktiebolaget Lidingö Elektriska.
More news
Sales 2021 8 757 M 970 M 970 M
Net income 2021 558 M 61,9 M 61,9 M
Net Debt 2021 1 112 M 123 M 123 M
P/E ratio 2021 32,8x
Yield 2021 0,91%
Capitalization 17 816 M 1 979 M 1 973 M
EV / Sales 2021 2,16x
EV / Sales 2022 1,82x
Nbr of Employees 4 597
Free-Float -
Duration : Period :
Instalco AB (publ) Technical Analysis Chart | MarketScreener
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Technical analysis trends INSTALCO AB (PUBL)
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 2
Last Close Price 348,00 SEK
Average target price 511,00 SEK
Spread / Average Target 46,8%
EPS Revisions
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