Assemblin expands north of Oslo through acquisitions
Assemblin establishes itself north of Oslo through the acquisition of three heating and sanitation companies.
Assemblin in Norway has acquired three companies with operations in the field of heating and sanitation, with a total of over 110 employees and an expected yearly turnover of 260 MSEK.
The three companies are Arve Hagen AS, Ramsøy AS and Gjøvik Varme and Sanitær AS, with operations in Brumunddal, Lillehammer and Gjøvik.
The acquisition was made through a purchase of all shares in Hagen Holding AS, which now changes its name to Assemblin Innlandet AS.
“We have a strong market position in Oslo and south of Oslo but have long wanted to expand north. This acquisition is in line with the strategy, since we can now take a leading position in the region north of Oslo. The company has shown good results and we expect this will continue in the future”, says Torkil Skancke Hansen, business area manager and CEO of Assemblin AS.
A good match
The acquisition will formally take place in November 2019, provided that the Norwegian Competition Authority approves the deal.
”With a strong cash position in the back, we are constantly looking for profitable, well-managed companies that suit us structurally and culturally. Of all the judgments this is a good match, and we are therefore very pleased to welcome our new employees and customers to the Assemblin family”, says Mats Johansson, President and CEO of Assemblin.
For more information, contact:
Torkil Skancke Hansen, business area manager and CEO of Assemblin AS, +47 97 57 75 54, firstname.lastname@example.org
Åsvor Brynnel, Head of Communications and Sustainability at Assemblin, email@example.com, +46 70 600 73 21
Assemblin is a complete installation and service partner with operations in Sweden, Norway and Finland. We design, install and maintain technical systems for air, water and energy. Our vision is to create smart and sustainable installations that make buildings work and people feel comfortable. We make this possible through close local collaboration and are supported by a strong organisation. We have annual sales of SEK 8.9 billion and about 5,700 dedicated employees at around 100 locations in the Nordic region. Read more at assemblin.com.