Ascenco Group has acquired Stockholms Hiss-Service AB to strengthen its presence in the Stockholm elevator service market, enhancing operational capabilities and customer service.

Information on the Target

Stockholms Hiss-Service AB (SHS), one of the oldest elevator service companies in Sweden, specializes in aftermarket services within the elevator industry. The company generates approximately SEK 80 million in annual revenues and employs around 30 skilled professionals. SHS has established a strong local presence in the Stockholm and Uppsala regions, marked by extensive long-term relationships with satisfied customers.

SHS provides a comprehensive range of services, including repair, service, and maintenance, as well as new elevator installations for various models. The company also boasts an in-house metal workshop, enabling them to execute bespoke projects while preserving the original aesthetic of buildings.

Industry Overview in Sweden

The elevator service sector in Sweden has seen consistent growth, driven by increasing urbanization and infrastructure development. As cities expand, the demand for efficient and reliable vertica