Add-on Acquisition • Business Services

Proptech Sweden Acquires Alova

On August 23, 2024, Proptech Sweden acquired business services company Alova

Acquisition Context

This is Proptech Sweden’s 1st transaction in the Business Services sector.
This is Proptech Sweden’s 1st transaction in Sweden.

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M&A Deal Summary
Date	August 23, 2024
Target	Alova
Sector	Business Services
Buyer(s)	Proptech Sweden
Deal Type	Add-on Acquisition

Target Company

Alova

Årsta, Sweden

Alova offers technical services and maintenance for properties. The company's property technicians help with supervision, care, and troubleshooting maintenance. It troubleshoots systems for heating, cooling, and ventilation. Alova is based in Årsta, Sweden.

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Buyer Overview 1

Buyer

Proptech Sweden

Vaxjo, Sweden

Category	Company
Sector	Business Services
Employees	500

DESCRIPTION

Proptech Sweden is a one-stop shop for indoor climate, energy efficiency and other property services. Customers are property owners within industrial, public and commercial real estate. Proptech Sweden is based in Vaxjo, Sweden.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Sweden	1 of 1
Year: 2024	1 of 1

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