Installco continues to expand its activities aimed at the industrial sector Finland. This happened through the acquisition of Dymont Installation Oy in Kauhajoki, located in the southern region of Ostrobothnia. The Company focuses on industrial and mechanical and electrical (M&E) facilities and services.
Dymont has 57 employees and last year’s sales were approximately 52 million Swedish crowns. The company’s end customers are mainly from the forest industry, as well as the wood, energy, steel and food industries.
“Dymont is a stable company with good profitability and ambitious growth plans for the future. Together with Dymont, we are now starting to seriously develop the industrial area of Instalco Finland”, says Sami Vanhamäki, Business Area Manager for Electricity at Instalco Finland.
The company has already collaborated with the Installco subsidiary, Kyrön Sähkö, in the past and now, as part of the same group, both will be able to build on this collaboration, sharing both knowledge and customers. Dymont was founded in 2007 and is led by CEO, Ari Makelaand project manager, Kimmo Keto-Arowho will both retain their current roles after the acquisition.
“Join Installco opens up opportunities to achieve our growth plans with other Group companies. “We also want to be part of the development journey of Instalco Finland’s Industrial Business Zone,” said Ari Mäkela, CEO of Dymont.
Installco will acquire 100% of the shares of Dymont Installation Oy of the November 17, 2022.
For more information
Frederick Trahnboss of IR and communicationstelephone +46 70 913 67 96, e-mail [email protected]
Installco is one of the leading installation companies in the Nordic region, active in the fields of heating, plumbing, electrical, cooling, technical consulting and industrial solutions. We offer project planning, design, installation, service and maintenance of systems installed in properties and facilities across Sweden, Norway and Finland. Operations are carried out by around 115 leading and highly specialized local companies, with the support of a small central organisation. Installco is listed on Nasdaq Stockholm under the symbol INSTAL. For more information, visit www.instalco.se
(c) Decision 2022. All rights reserved., sources Press Releases – English