Add-on Acquisition • Construction

Elydan Acquires HeatUp

On February 27, 2025, Elydan acquired construction company HeatUp

Acquisition Context

This is Elydan’s 1st transaction in the Construction sector.
This is Elydan’s 1st transaction in Sweden.

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M&A Deal Summary
Date	February 27, 2025
Target	HeatUp
Sector	Construction
Buyer(s)	Elydan
Deal Type	Add-on Acquisition

Target Company

HeatUp

Gothenburg, Sweden

HeatUp specializes in complete underfloor heating systems and the distribution of domestic hot and cold water, as well as in the distribution of pre-insulated flexible tubes, this fast-growing company has three strategic locations in Sweden. HeatUp is headquartered in Gothenburg, Sweden.

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Buyer Overview 1

Buyer

Elydan

Saint-Etienne-de-Saint-Geoirs, France

Category	Company
Founded	1962
Sector	Plastics
Employees	400
Revenue	147M EUR (2021)

DESCRIPTION

Elydan is a polyethylene and polypropylene solutions producers in Europe. Elydan offers construction companies a complete range of polyethylene pipes and protective sheaths for the water, gas, electricity and telecommunications markets, as well as electrical, sanitary and ventilation conduits. Elydan was founded in 1962 and is based in Saint-Etienne-de-Saint-Geoirs, France.

Deal Context for Buyer	#
Overall	4 of 4
Sector: Construction	1 of 1
Type: Add-on Acquisition	4 of 4
Country: Sweden	1 of 1
Year: 2025	3 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2025-02-27	Flextra Finland Flextra specializes in geothermal systems and hot water distribution in buildings through pre-insulated flexible systems.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2025-02-27

Flextra

Finland

Flextra specializes in geothermal systems and hot water distribution in buildings through pre-insulated flexible systems.

Buy

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