Segulah V:s portfolio company Sandbäckens becomes majority owner in Mälar Sprinkler
Sandbäckens, a leading Swedish plumbing contractor, has become the majority owner in the sprinkler contractor Mälar Sprinkler AB, through its parent company Sandbäcken Utveckling AB. Mälar Sprinkler is a SBSC1) certified water sprinkler contractor with operations in the Mälardalen region. The company was founded in 2002 and has 50 employees in installation, and service and maintenance.
This strategic acquisition strengthens Sandbäckens market position within sprinkler systems and is a part of the company’s expansion plan.
“Mälar Sprinkler has a solid competence and a strong position in a growing market. Sandbäckens will support the company’s continued growth, and I look forward to developing Mälar Sprinkler further together with the existing management”, says Håkan Bergqvist, Chairman of Sandbäckens
Sandbäckens is a leading plumbing contractor with a growing presence within sprinkler systems and industrial service. The company was founded in Linköping in 1993, has c.400 employees and subsidiaries in 17 different locations in Sweden. Sandbäckens is owned by Segulah V L.P., management and the Board.
Sandbäckens has achieved strong organic growth through a regional expansion strategy and has completed a number of large projects in the growing Swedish construction market. In 2016, Sandbäckens turnover amounted to 676 million SEK.
For further information, please Contact:
Håkan Bergqvist, Ordförande, Sandbäckens, +46 (0)70 21 23 221
Percy Calissendorff, Partner, Segulah Advisor AB, +46 (0)8 402 87 06
1) SBSC (sv. Svensk Brand & Säkerhets Certifiering)