Levinsgruppen continues its expansion in Stockholm and Mälardalen through the acquisition of AV-Line
Levinsgruppen further strengthens its position in Stockholm and Mälardalen through the acquisition of AV-Line. AV-Line is a well-established and fast-growing full-service installation provider within electricity, AV technology, security, e-mobility and data- and fibre networks. AV-Lines technology focus will further expand Levinsgruppens offering within several core segments and strengthen the Groups position in the fast-growing market for e-mobility and security solutions.
AV-Line was founded in 1987, has revenues of around SEK 100m and employs 40 people. Following the acquisitions of AV-Line and AF Elteknik, which was announced in July, Levinsgruppen has revenues of c. SEK 700m. The current owners will remain in their respective operational roles and retain a significant shareholding in the Group.
"We are excited that AV-Line will join Levinsgruppen and further strengthen our position in Stockholm and Mälardalen. AV-Lines longstanding customer relationships, exposure to high-growth technology segments and base of attractive electrical installation projects fit well into Levinsgruppens strategy." says Magnus Löfgren, CEO of Levinsgruppen.
"We look forward to being part of Levinsgruppen and becoming stronger together. Through our joint experience and knowledge, we will develop our core offering in electrical installations and technology. Together with Levinsgruppen we will strengthen our customer value and thereby continue our profitable growth journey." says Thomas Svensson and Dick Terneborg, CEO and deputy CEO of AV-Line.
Levinsgruppen is a leading regional provider of electrical installations (including infrastructure / e-mobility and energy efficiency solutions), climate control systems and turnkey industrial automation solutions. The Group operates in the greater Stockholm area and Southern Sweden and has c. 400 employees.
For further information, please visit www.levinsgruppen.se, www.segulah.com or contact:
Magnus Löfgren, CEO, Levinsgruppen, +46 702 09 66 14,
Marcus Planting-Bergloo, Managing Partner, Segulah VI Advisor AB, +46 702 29 11 85, [email protected]
Segulah, whose mission statement reads "We invest in the backbone of modern society", is a private equity firm focused on mid-market buyouts in the Nordic region. To ensure long term structural growth we invest, with sustainability in focus, along three major themes: "Modernization & Automation of Industry", "Digital Business Efficiency" and "Smart Urbanization & Infrastructure Renewal". Our business model builds on active ownership where we add capital, industrial competence and strategic focus. Segulah Advisor is the exclusive investment advisor to the funds Segulah IV, Segulah V and Segulah VI.
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