Nimlas Sweden continues its growth journey and strengthens its position in Stockholm through the acquisition of Svenska vvs & elanläggningar AB. The acquisition is in line with the Nimlas Sweden’s 5-50-500 growth strategy, which aims to achieve SEK 5 billion in revenue, add 50 new companies, and reach SEK 500 million in profit.
Svenska vvs & elanläggningar was founded four years ago by Jonas Holden and Oskar Jangerstad and has experienced strong growth ever since. The company specializes in construction contracts and offers turnkey solutions in both plumbing and heating (HVAC) as well as electrical installations. Its HVAC operations are primarily focused on residential new-build projects, while its electrical business mainly covers tenant fit-outs and renovation contracts.
Svenska vvs & elanläggningar generates annual revenue of SEK 74 million and employs 18 people based in Västberga, serving customers throughout the Stockholm region.
“By becoming part of Nimlas, Oskar and I will have better opportunities to streamline our day-to-day administrative work, allowing us to spend more time supporting our operations and project delivery,” says Jonas Holden, Managing Director of Svenska vvs & elanläggningar.
Oskar Jangerstad, Project Manager, adds:
“Our ambition is to continue growing our electrical business, and together with Nimlas Sweden I see great opportunities to further develop the company and accelerate our growth.”
“I would like to warmly welcome Jonas, Oskar and their colleagues to Nimlas. Through the acquisition of Svenska vvs & elanläggningar, we strengthen our position in both HVAC and electrical services in the Stockholm region,” says Anders Buskas, Regional Manager, VS Mid, Nimlas Sweden.
Closing of the transaction will take place in June.
About Nimlas:
Nimlas is on track to become the most successful company in the technical installations industry, uniting close to 140 companies and 5,000 professionals across Sweden, Norway and Finland. The group provides a complete range of technical installation services, including electricity, plumbing, HVAC, automation, fire safety, and other related services. Nimlas has a pro forma turnover of SEK 10 billion and is owned by KLAR Partners.
