Hjo Installation has completed the acquisition of Elektroteam Elteknik
The acquisition was approved by ISP and took place on June 18, 2026.
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In short: Hjo Installation expanded its presence in the Mälardalen and Skaraborg regions through multiple acquisitions while appointing Johan Möller as CEO.
The acquisition was approved by ISP and took place on June 18, 2026.
The acquisition strengthens the group's offering within the electrical segment in the Mälardalen region. The companies have a turnover of approximately 125 MSEK and have about 50 employees.
The assignment includes new generator and high-voltage switchgear as well as upgrades of control and monitoring systems at Ljusneströmmars hydropower station. Modernizations are planned for 2028-2029.
The acquisition strengthens the group's expertise in technical security, electrical power and automation. The company has 23 employees and turnover of 63 MSEK. The transaction is conditional on ISP approval.
Hjo Installation is based in Hjo, Sweden The deal is expected to be completed in third quarter of 2023 Nordic Capital is a private equity...
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