Assemblin strengthens its power and high-voltage expertise through an acquisition in southern Sweden
Assemblin Electrical has signed an agreement to acquire APQ Power AB with eight employees and annual sales of about SEK 91 million. APQ Power primarily offers services in power and high-voltage – a strategic growth area for Assemblin.
APQ Power AB is part of the ApQ El Group. ApQ Power specialises in power and high-voltage and is based in southern Sweden. Customers include public sector operators, industrial companies, as well as construction and installation companies. The acquisition entails the unit being placed within Assemblin Electrical’s Region South as a new branch office, Kraft Malmö, which will work alongside Assemblin’s other high-voltage operations around Sweden.
“We are very pleased to be able to strengthen our position in southern Sweden, particularly in power and high-voltage, which is one of our strategic growth areas. We are familiar with the operations of ApQ Power from previous collaborations at the new hospital in Malmö and are impressed with the unit’s expertise,” says Fredrik Allthin, EVP and Head of Division, Assemblin Caverion Group in Sweden.
The transaction will be closed in September.
“We are pleased to gain a strong and stable owner in Assemblin and look forward to being part of Assemblin’s acceleration in the power and high-voltage area. I am convinced that this will benefit our customers and employees alike,” says Pär-Erik Stål, Deputy CEO of ApQ Power.
For further information, contact:
Fredrik Allthin, EVP and Head of Division, Assemblin Caverion Group in Sweden, fredrik.allthin@assemblin.se, +46 10 472 40 10
Johnny Wendel, Regional Manager of Assemblin El South, johnny.wendel@assemblin.se, +46 10 472 49 01
Åsvor Brynnel, Head of Communications and Sustainability at Assemblin, Assemblin Caverion Group, asvor.brynnel@assemblin.se, +46 10 475 39 48
Pär-Erik Stål, Deputy CEO of ApQ Power, par-erik.stal@apqel.se, +46 70 168 55 32
About Assemblin
Assemblin is an end-to-end installation and service partner with operations in Sweden and Norway. We design, install and maintain technical systems and solutions 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 in some 100 locations and are supported by a strong organisation. Read more at assemblin.se.
About Assemblin Caverion Group
Assemblin Caverion Group is the leading northern European technical service and installation provider. The Group employs about 20,000 skilled professionals in nine countries, sharing a passion for smart and sustainable solutions. We deliver installations and technical services and solutions along the full lifecycle of the built environment, supporting our customers and their increasing demand for energy-efficiency, sustainability and automation for buildings, infrastructure and industrial sites. Assemblin Caverion Group was formed in April 2024 through the combination of Assemblin and Caverion. Our total revenue amounts to SEK 41 billion/EUR 3.6 billion. Read more at assemblincaverion.com.