Bravida Holding

M&A Activity • Jan 7, 2016

Press release 07 Janury 2016

Bravida strengthens its position within the electrical field in Dalarna by acquiring Elinstallatörer i Dalarna AB.

Bravida has signed an agreement to acquire Elinstalltörer i Dalarna AB, based in Långshyttan in Dalarna, Sweden. The company has 40 employees and a turnover of approximately SEK 40 million.

The company operates within electrical installations, electrical service, camera surveillance, intrusion alarms, fire alarms, accessing systems, data network, automations, engine operations, KNX-systems and electrical planning. The company has its business in Borlänge, Falun, Säter, and Långshyttan in Dalarna. The acquisition will strengthen both Bravida's electrical business and security operations in Dalarna.

– We are now creating a strong foundation in Dalarna for both service and installations within the electrical fields. Security is a strategical business area for Bravida and this acquisition strengthens our already existing operations, says Mikael Lidström, Division Manager, Bravida division North.

Elinstallatörer i Dalarna AB was founded 1986.

– I look forward to becoming a part of Bravida and I feel confident knowing that we will continue to develop and grow together with the rest of Bravida. I believe that we will need to hire at least five new electricians within the near future, says Conny Gossas, CEO of Elinstallatörerna i Dalarna AB.

Bravida will assume ownership as per 31 december 2015.

For further information, please contact:

Mattias Johansson, CEO and Group Manager, Bravida. Phone: +46 8 695 20 00 Mikael Lidström, Division Manager, Bravida Division North. Phone: +46 21 15 48 40 Mats Axelsson, Regional Manager, Bravida Dalarna/Västmanland/Södermanland. Phone: +46 21 15 48 45

Bravida is a leading multi-technical service provider i the Nordics, with about 9,000 employees. Bravida delivers specialist services as well as complete electrical, heating and plumbing, and HVAC solutions, offering everything from design and project planning to installation, operation and maintenance. Bravida is represented in around 140 locations in Sweden, Norway, Denmark and Finland. www.bravidagroup.com/en