Instalco has acquired Lund Elektro, strengthening its position as a comprehensive technical contractor in Norway's Agder region.
Information on the Target
Lund Elektro, established in 2011 and based in Kristiansand, Norway, is a comprehensive provider of electrical installations in the Agder region. The company has grown to employ nine professionals and has achieved an annual revenue of approximately 15 million Norwegian kroner. Specializing in a variety of electrical services, Lund Elektro has positioned itself as a key player in its local market.
With a reputation for quality and reliability, Lund Elektro has built a strong client base that includes both residential and commercial projects. Their expertise in electrical installations provides a solid foundation for Instalco’s strategic expansion in the region.
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Industry Overview in Norway
The electrical installation industry in Norway has experienced steady growth, driven by increasing demand for both residential and commercial electrical services. This demand is fueled by a combination of new construction projects, renovati
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Instalco
invested in
Lund Elektro
in 2024
in a Other deal
Disclosed details
Revenue: $1M