M&A Deal Summary

Assemblin Acquires Fidelix Oy

On December 9, 2020, Assemblin acquired building materials company Fidelix Oy from Procuritas Capital

Acquisition Highlights
  • This is Assemblin’s 1st transaction in the Building Materials sector.
  • This is Assemblin’s 1st transaction in Finland.

M&A Deal Summary

Date 2020-12-09
Target Fidelix Oy
Sector Building Materials
Buyer(s) Assemblin
Sellers(s) Procuritas Capital
Deal Type Add-on Acquisition

Target

Fidelix Oy

Vantaa, Finland
Fidelix Oy is a provider of building management systems and related building automation products. The company helps Nordic building owners to monitor and control their technical systems (e.g. ventilation, heating, and water), including fault alarms and energy consumption optimization. Fidelix was formed in 2002 and is based in Vantaa, Finland.

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Buyer(S) 1

Buyer

Assemblin

Hagersten, Sweden

Category Company
Founded 1949
Sector Business Services
Employees6,719
Revenue 2.7B SEK (2005)
DESCRIPTION

Assemblin is a technical installation/services company focused on specialist services - primarily within Electrical, Heating & Plumbing, and HVAC. The Company offers an array of services in heating and water sanitation, ventilation and electrical installation under the brand Assemblin. Assemblin was founded in 1949 and is based in Hagersten, Sweden.


DEAL STATS #
Overall 4 of 6
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Finland M&A 1 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Orestadskyl AB

Loddekopinge, Sweden

Orestadskyl AB was established in 1995 and has a high degree of expertise in cooling, chilling and heat pump technology, as well as specialist expertise in energy reclamation. The company, which has offices in Malmö and Loddekopinge, works primarily with construction, installation, service, coolant management, and energy savings projects. Its customer base comprises primarily major property companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Caverion

Helsinki, Finland

Caverion is involved in designing, building, operating and maintaining user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Their services and solutions are used in commercial and residential buildings and on industrial and public sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Caverion was founded in 1912 and is based in Vantaa, Finland.

Buy -

Seller(S) 1

SELLER

Procuritas Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1986 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 19 of 26
Sector: Building Materials M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 10
Country: Finland M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 Temporary Space Nordics Group AB

Kungsängen, Sweden

Temporary Space Nordics Group AB offers high-quality temporary premises primarily for accommodation, schools, health centers, and office spaces. Temporary Space Nordics Group AB is headquartered in Sweden with operations in Norway, Denmark, and Finland as well.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Medtanken

Vastra Gotaland, Sweden

Medtanken is a primary care provider with a strong local presence. Medtanken has 18 clinics and more than 105,000 listed patients. Apart from primary care, the platform has rehab clinics, specialist care within dermatology and cardiology, travel vaccination clinics, as well as occupational healthcare services, and extended psychology services. Medtanken is based in Vastra Gotaland, Sweden.

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