Sale of Kyrön Sähkö Oy to Instalco
3J Partners acted as advisor to the sellers of Kyrön Sähkö Oy in the sale of 100 percent of its shares to Instalco, a stock listed Nordic group active in the areas of electricity, heating & plumbing, cooling, technical consulting, and industrial solutions.
Instalco strengthens its position in the Nordics by acquiring Kyrön Sähkö which primarily serves customers in Finland and Sweden, but also has some customers outside the Nordic region. Over the coming years, Kyrön Sähkö will continue to pursue the ambition of being the preferred full-service company in the electricity sector, specializing in installations for the lumber and sawmill industry, as well as installations for power and heating plants. The CEO, Aleksi Siikarla, along with the management team will continue in their current positions managing and developing the company.
Aleksi Siikarla, CEO of Kyrön Sähkö comments: “We’re looking forward to becoming a part of Instalco Finland and helping expand the team. This will be a natural next step for continuing to develop our company.”
Sami Vanhamäki, Business Area Manager for Instalco Finland comments: “Kyrön Sähkö is a well-run, profitable company with a very interesting industrial niche which complements our offering in Finland well. The acquisition is in line with our strategy of growing the business in the other Nordic business area.”
As of February 2, 2022, Instalco has acquired 100 percent of the shares in Kyrön Sähkö Oy.
Kyrön Sähkö Oy is a full-service electrical installation company primarily serving customers in Finland and Sweden, but also has some customers outside the Nordic region. The company specializes in installations for the lumber and sawmill industry, as well as installations for power and heating plants. The Company’s revenue is about 7,7 MEUR with very profitable operations. Further information can be found at https://www.kyronsahko.fi/en/home/
Instalco is a Nordic group with representation in Sweden, Norway, and Finland, active in the areas of electricity, heating & plumbing, cooling, technical consulting, and industrial solutions. Offering includes project planning, installation, service, and maintenance of systems installed at properties and facilities. Operations are conducted through approximately 110 leading and highly specialized local companies, with the support of a small central organization. The group has sales of approx. SEK 8,3 billion and it employs some 4,600 people. Further information can be found at https://instalco.se/en