Instalco broadens its offering through the acquisition of the sprinkler company Sprinklerbolaget Stockholm AB, with nation-wide operations in fire protection and sprinkler systems.
Sprinklerbolaget was founded in 2007 and currently has 45 employees at its offices in the Swedish cities of Västerås, Helsingborg and Säffle. For the 2017 financial year, preliminary net sales amounted to approximately SEK 75 million. IKEA, DHL, Akzo Nobel, Peab and Fastec are some of its customers.
Sprinklerbolaget is a fire protection company certified according to SBF (from the Swedish Fire Protection Association) and offers planning, installation, service and maintenance of automatic fire suppression systems with a speciality in fire sprinkler. In 2017, the subsidiary Automationsbolaget Sverige AB was founded, which offers ventilation system control programs.
“Through the acquisition of Sprinklerbolaget, we broaden Instalco into a new area of operation. We see several synergies between our existing units and Sprinklerbolaget, as they are working within the same geographic areas. In addition, they already collaborate with a few of our companies, such as Rörläggaren at the construction of the research facility ESS in Lund and Knutpunkten in Helsingborg”, says Per Sjöstrand, CEO of Instalco.
Sprinklerbolaget is owned by 6 colleagues who will remain with the company, including CEO Thomas Hyllén Olsson.
”It is very exciting to become part of Instalco’s successful group of companies. Through Instalco, we will get the opportunity to reach new customers, and we can more easily initiate collaboration with the other Instalco companies”, says Thomas Hyllén Olsson, CEO of Sprinklerbolaget.
Instalco acquires 100% of Sprinklerbolaget Stockholm AB, with completion today 9 January 2018.