Announced
Financials
Tags
HVAC services
Acquisition
Single Bidder
Pending
Finland
Friendly
Private
Private Equity
technical installation
Majority
Cross Border
Energy / Utility Services
Synopsis
KLAR Partners-backed Sandbäckens, a Swedish heating and sanitation contractor, agreed to acquire QMG, a provider of technical installation and services within electricity, heating, ventilation, sprinklers and automation, from private equity firm Adelis. Financial terms were not disclosed. "KLAR Partners is an owner with deep sector expertise and experience in developing companies in our industry. We also look forward to forming a significant Nordic player together with Sandbäckens, which gives us the best conditions for our continued growth journey," Kimmo Liukkonen, QMG CEO.
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