Segulah-backed SELATEK completed the acquisition of ELIAS Syd.

Segulah-backed SELATEK, a provider of security solutions, electrical installations and automation with a focus on sustainability and technology, completed the acquisition of ELIAS Syd, a B2B electrical engineering service provider. Financial terms were not disclosed. “We are excited and thankful that ELIAS Syd has chosen to be part of our Group. SELATEK consists of well-established companies with strong brands, which is also significant for ELIAS Syd. We look forward to maintaining and developing the Company that has been built since 2005. ELIAS Syd will be our second acquisition in a short period in Blekinge and demonstrates our ambition to be the market-leading player in the region. We see significant synergies between SELATEK’s existing companies in eastern Skåne and Blekinge and look forward to the continued joint development and growth," Magnus Löfgren, SELATEK CEO.