Tekni Gruppen has acquired Juuls Rørservice AS, enhancing its plumbing services sector while ensuring the continuity of local operations.
Target Company Overview
Juuls Rørservice AS, established in 1987, is a well-regarded Norwegian company specializing in plumbing services. With a workforce of 18 employees, the firm achieved a promising revenue of 51 million NOK in 2024. Following its recent acquisition by Tekni Gruppen, Juuls Rørservice plans to continue operating under its own name, maintaining its existing team and emphasizing strong local presence, expertise, and customer relationships.
Industry Overview in Norway
The plumbing and electrical installation industry in Norway is characterized by a high level of competition and a growing demand for services in both residential and commercial sectors. As the country undergoes significant infrastructural developments, the necessity for skilled tradespeople and service providers has only intensified. Companies are increasingly focusing on sustainable practices and modern technologies to meet the evolving needs of consumers.
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Norway's commitment to energy efficiency and environmental sustainability drives the plumbing industry to innovate continuously. Hence, firms that invest in advanced technologies, such as ren
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Revenue: $12M