Add-on Acquisition • Electrical Equipment

Nimlas Group Acquires Konstel

On December 20, 2022, Nimlas Group acquired electrical equipment company Konstel from Credo Partners

Acquisition Context
  • This is Nimlas Group’s 1st transaction in the Electrical Equipment sector.
  • This is Nimlas Group’s 1st transaction in Norway.

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M&A Deal Summary

Date December 20, 2022
Target Konstel
Sector Electrical Equipment
Buyer(s) Nimlas Group
Sellers(s) Credo Partners
Deal Type Add-on Acquisition

Target Company

Konstel

Lierstranda, Norway
Konstel is an electrical installation and service supplier group in Eastern Norway. Konstel combines the flexibility, personality, and efficiency of a small company with the resources, networks, and professionalism of a large business. Konstel was founded in 2006 and is based in Lierstranda, Norway.
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Buyer Overview 1

Buyer

Nimlas Group

Stockholm, Sweden

Category Company
Sector Business Services
Employees3,000
Revenue 600M EUR (2022)
DESCRIPTION

Nimlas Group is a provider of technical installation services across the Nordic region. Nimlas Group is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 3 of 3
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 3 of 3
Country: Norway 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 QMG

Espoo, Finland

QMG offers technical installation and services within electricity, heating, ventilation, sprinklers and automation. QMG was founded in 2013 and is based in Espoo, Finland.

Buy -

Seller Profile 1

SELLER

Credo Partners

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Credo Partners is a Norwegian investment- and advisory firm that focuses on value creation in companies where strategic repositioning and significant improvements in operations are critical success factors. Credo Partners have extensive top management experience from Norwegian and international industry, and specialize in profitability improvements in companies with clear improvement potential. Credo Partners was established in 2003 and is headquartered in Oslo, Norway.


Deal Context for Seller #
Overall 9 of 9
Sector: Electrical Equipment 2 of 2
Type: Add-on Acquisition 6 of 6
Country: Norway 6 of 6
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 MOVA

Oslo, Norway

MOVA is developing a competence-driven multi-local player in training and health. The business consists of over 70 training centers in Norway. MOVA was founded in 2022 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Koble

Vejle, Denmark

Koble is one of the strongest multi-local electrical installer. Its goal is to create a strong community of solid, well-functioning and visionary electrical installers. Koble is based in Vejle, Denmark.

Buy -