Krogerus advises Instalco on the deal.
Instalco has acquired Uudenmaan Lämpötekniikka Oy (ULT) in Helsinki, thereby expanding its heating & plumbing operations in Finland.
The company has 46 employees and its sales for the 2018/2019 financial year were approximately SEK 75 million. This acquisition brings the total to 12 subsidiaries owned by Instalco in Finland, of which 6 offer heating & plumbing installations and 6 work with electrical installations.
ULT offers installation and service of heating & plumbing systems, specializing primarily in heating system renovation of apartment buildings Its main customers are property owners and the public sector.
Instalco is one of the leading installation companies in the Nordic region, active in the areas of heating, plumbing, electricity, cooling and industrial solutions. We offer installation, service and maintenance of systems installed at properties and facilities throughout Sweden, Norway and Finland. The operations are conducted through approximately 75 leading and highly specialised local companies, with the support of a small central organisation. Instalco is listed at Nasdaq Stockholm under the ticker INSTAL.
Partner Sami Martola (Picture) led the Krogerus team and he was assisted by Associate Andreas Brink.
Law Firms: Krogerus Attorneys Ltd;