MG Link AS has acquired PCS Modulsystem AB, enhancing its focus on modular building solutions in the Nordic region.

Information on the Target

MG Link AS ("MG Link"), with majority ownership by Norvestor VIII SCSp ("Norvestor VIII"), has finalized an agreement to acquire 100% of PCS Modulsystem AB ("PCS" or "the Company"), a Swedish enterprise specializing in modular building solutions tailored for educational institutions, healthcare facilities, and office environments.

This acquisition marks a strategic move for MG Link, which was previously under the majority ownership of another Norvestor VIII affiliate, CIC Hospitality. The acquisition aims to establish a dedicated standalone group with a specific focus on delivering modular construction solutions throughout the Nordic region. The founders and management team of MG Link, Egil Messmer and Ronny Granli, are notable for their previous roles in founding Wexus AS, a venture backed by Norvestor VII, L.P. from 2017 to 2020.

Industry Overview in Sweden

The modular construction industry in Sweden has been on the rise, driven by increased demand for efficient and sustainable building solutions. With an expanding public sector investment in educational institutions and healthcare, firms like PCS have found a lucrative