The acquisition Highcon AB has today been completed following the approval from the Swedish Competition Authority. The company with a turnover of approximately 325 million conducts its business in leasing and installation of scaffolding structures for the industry.

"With the acquisition of Highcon, we continue pursuing our strategy of growing the Industrial business area and with Highcon we see great opportunities to create synergies for our industrial companies. The fact that it is established in the northern part of Sweden is another plus, given the industrial market that exists and are planned there, says Robin Boheman, CEO of Instalco.

Highcon, based in Härnösand, has about 120 employees and operates throughout most of northern Sweden. Instalco will acquire 70 percent of the shares in Highcon AB as of 8 April.
 

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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