Acquisition of Lysteknikk Elektroentreprenør

Instalco is strengthening its offering of electrical solutions in Oslo with the acquisition of Lysteknikk Elektroentreprenør AS. It is a full-range supplier of services in the electrical area, with specialist expertise in data centres and security.

Lysteknikk has 120 employees and service customers in the area around Oslo and Akershus. For the most recent financial year, the company had sales of approximately SEK 325 million.

“In Oslo, we have been strong in the area of heating & plumbing for quite some time. Now, with the addition of Lysteknikk, their expertise and size, we substantially boost our strength in the electricity area as well. We are very happy to have Lysteknikk on board and see many opportunities for collaboration with our other Instalco companies in and around Oslo. Lysteknikk is a very profitable and well-run company with a competent and enthusiastic leadership team that fits nicely with us and the Instalco spirit,” says Roger Aksnes, Head of Division for Instalco Norway.

Lysteknikk was founded in 1994 and it is currently one of the leading providers of electrical solutions in Oslo. It takes on large projects in both the public and private sectors, along with smaller aftermarket and service assignment. The business is divided into four branches: Projects, Data centres, Service and Security.

“We’re looking forward to joining Instalco and being involved in developing our own business and the Group’s operations in Norway. We were ready to take the next steps with our business together with a partner and now, together, we will be able to achieve greater goals,” says Morten Haug, CEO of Lysteknikk.

The acquisition is conditional, pending approval from the Norwegian Competition Authority. Instalco will acquire 100 percent of the shares in Lysteknikk Elektroentreprenør AS during the month of February.