Announced
Financials
Sources
Tags
Acquisition
Construction Services
Majority
Cross Border
Private
Private Equity
installation business
Single Bidder
Sweden
Friendly
Pending
Synopsis
Intera Partners-backed Sitowise, a Nordic provider on construction services, agreed to acquire TFIP, a Swedish technical installation consultant within infrastructure, community building and industry. Financial terms were not disclosed. "Our industry is experiencing a major digital revolution. With smart technology and our technical expertise we will have the drive necessary to transform cities technologically, economically and ecologically more sustainable. To be able to make this happen, we will utilize each other's know-how and experience, and provide more versatile services to our customers. We have grown successfully last years and will continue this growth together with Sitowise from now on," Tomas van Zalingen, TFIP CEO.
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