SELATEK grows within security solutions through the acquisition of AllTor Data & Larmteknik
AllTor Data & Larmteknik ("AllTor") joins SELATEK and strengthens the Group's position within security solutions in southern Sweden. AllTor was founded in 2005 and is a full-service provider of intrusion alarm systems, fire alarm, CCTV, access control systems and IT services with headquarters in Klippan. The Company has revenues today of around SEK 25m and 14 dedicated employees. The current owners will remain in their respective operational roles and retain a significant shareholding in the Group.
"We are excited that AllTor has chosen to become part of SELATEK. Security solutions is a prioritized growth area within the Group and AllTor will be a valuable addition through its strong experience and competencies. The proximity to SELATEK's existing companies in Skåne and southern Småland also enables strong cross-selling and collaboration opportunities. The acquisition fits well into SELATEK's strategy and we look forward to developing the Company together." says Magnus Löfgren, CEO of SELATEK.
"We look forward to being part of SELATEK and taking the next step in our growth journey together with SELATEK's existing companies. Together we will be able to further develop our offering within security solutions and thereby increase the value for our customers." says Allan Jönsson and Torbjörn Movert at AllTor.
SELATEK is a Swedish leading provider of security solutions, electrical installations and automation with a focus on sustainability and technology. The Group primarily operates in the greater Stockholm area and Southern Sweden and has c. 650 employees.
For further information, please visit www.selatek.se, www.segulah.com or contact:
Magnus Löfgren, CEO, SELATEK, +46 702 09 66 14, [email protected]
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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