Quattroservices Oy, the largest subsidiary of QMG, has expanded its portfolio by acquiring PaloControl’s business in an asset deal, bringing significant sprinkler expertise to the company. This marks Nimlas Group’s first acquisition of the year, further enhancing Quattroservices’ capabilities in sprinkler system installations and maintenance.

The acquisition not only strengthens Quattroservices’ existing sprinkler expertise but also effectively doubles the size of its sprinkler team, bringing the total number of professionals in this area to 30. Following this acquisition, Quattroservices now employs over 200 professionals in HVAC and electrical fields, further supporting its strategy to grow its service business and offer more comprehensive maintenance solutions.

This strategic acquisition is in line with Nimlas Group’s clear goal of reaching 10% EBITA and a turnover of SEK 12 billion. By continuing to grow through strategic acquisitions and focusing on profitable expansion, Nimlas is positioning itself for long-term success.

“We now have even better opportunities to meet customer demands by strengthening our sprinkler maintenance services. The new professionals bring valuable experience and resources,” says Mikael Forsblom, HVAC Director at Quattroservices.

Tarmo Granholm, CEO of PaloControl, adds, “With over 25 years of experience in sprinkler systems for complex projects, we have built a loyal customer base. As part of the Quattroservices team, we can now serve them even better.”

Quattroservices has extensive experience in highly demanding projects, including the renovation of Finlandia Hall and the construction of the Laakso Joint Hospital. The additional expertise will further strengthen the company’s ability to take on complex projects now and in the future.

Nimlas Group has successfully issued a €325 million senior secured bond. The Bonds will carry a tenor of 5 years and a floating rate interest of 3 months EURIBOR plus 450 bps per annum.

The Bond Issue attracted strong investor interest following a comprehensive roadshow, which was fully booked with participation from more than 150 investors. The transaction generated substantial interest and demand from a diverse group of Nordic and international investors, resulting in significant oversubscription.

“The successful issuance of the bond marks a key milestone in Nimlas’ growth journey. The strong investor interest reaffirms confidence in our decentralized business model, where locally empowered companies are supported by efficient central functions and a project portfolio consisting of services, renovation, and small- to mid-sized projects. This transaction enables us to continue growing, pursue strategic acquisitions, and enhance our financial flexibility,” says Christoffer Järkeborn, CEO of Nimlas Group.

“On the back of Nimlas’ strong growth and maturity, entering the capital markets was a strategic and logical progression. With the success of this issuance, Nimlas is well-capitalized to accelerate its growth and strategically pursue further M&A opportunities,” says Fredrik Brynildsen, KLAR Partners.

DNB Markets, a part of DNB Bank ASA, Nordea Nordea Bank Abp, filial i Norge, and Pareto Securities AS acted as Joint Bookrunners in connection with the Bond Issue.

https://news.cision.com/nimlas-group-ab

Nimlas Group continues to outperform the market, establishing its position as the most profitable installation group among the largest installation companies in the Nordics. While the overall market has faced a decline, Nimlas has kept its growth route and strengthened its market position

With an adjusted pro forma turnover of SEK 8.8 billion and an adjusted pro forma EBITA margin of 7.2%, Nimlas has demonstrated strength of its operational model.

“Our model is built on strong local entrepreneurship, where each company retains full operational responsibility while benefiting from the strength of being part of a larger group,” says Christoffer Järkeborn, CEO of Nimlas Group.

Service and small-scale projects key to profitability

Nimlas has successfully prioritized smaller projects and service contracts—a segment of the market that remains stable and profitable. This strategic focus has allowed the company to mitigate risk, maintain steady cash flow, and avoid the intense price pressure in large-scale developments.

“We are growing profitably, with a clear goal of reaching 10% EBITA and a turnover of SEK 12 billion. Our performance proves our operational model, and that Nimlas is a company built for long-term success,” says Järkeborn.

Growth through strategic acquisitions

Since its start, Nimlas has acquired over 50 companies, carefully selecting businesses that align with its decentralized model and strong financial performance. This disciplined M&A strategy ensures that each acquisition contributes to sustainable and profitable growth.

“We are committed to become the next big success in the installation sector in the Nordics. We are well-positioned to continue expanding while maintaining industry-leading profitability,” concludes Järkeborn.

https://news.cision.com/nimlas-group-ab

Sandbäckens, part of Nimlas Group, is strengthening its digital capabilities by appointing Maja Carlsson as Head of Digitalization. This strategic recruitment aligns with Nimlas’ long-term growth plan and ambition to drive efficiency, innovation, and digital transformation in the installation sector.

Maja Carlsson brings extensive experience in digital strategy, product development, and agile management. With a background in mechanical and industrial engineering, Maja Carlsson has led digital transformation projects in the healthcare sector, building user-centric solutions that enhance both operational performance and customer experience.

– The installation industry is undergoing a major transformation, where digitalization will play a crucial role. With Maja on board, we are taking an important step in our operational efficiency. We are on track on becoming the next big success in the installation industry, says Christoffer Järkeborn, CEO of Nimlas Group.

As Head of Digitalization, Maja will be responsible for developing Sandbäckens’ digital strategy, implementing new technologies, and optimizing business processes to ensure a seamless and data-driven approach across the organization. She will also work closely with Nimlas Group to support digital initiatives at the group level, ensuring that digital tools enhance both business operations and customer experience across all markets.

– I look forward joining Sandbäckens and Nimlas. The potential to leverage digital tools and processes to drive efficiency and sustainability in the installation sector are substantial. My focus will be on integrating technology with business needs and ensuring that digitalization adds real value for both employees and customers, says Maja Carlsson, newly appointed Head of Digitalization at Sandbäckens, a part of Nimlas Group.

Sandbäckens, part of the Nimlas Group, starts its second electricity company – Sandbäckens El & Automation in Gothenburg. The investment is part of Sandbäckens 5-50-500 strategy: 5 billion in turnover, 50 new companies, 500 million in profit and we plan to grow strongly in all disciplines. The goal is for the electricity segment to have a turnover of 1 billion in the next few years.

– The start-up of the company is another step in our journey as a multidisciplinary installation group and with the establishment we are broadening our offer in the west, says Lars Larsen, Regional Manager El.

The company is run by Niclas Andersson, MD. Niclas has solid experience in the electrical industry and has previously worked as an electrician, head of department, project manager and controller. The business consists of electrical and data installations as well as automation solutions. Examples of upcoming assignments are service, energy efficiency improvements and charging boxes for electric cars. Furthermore, consultation will be offered.

– Focus will be service and smaller contracts in the Gothenburg region and the surrounding area. And we will follow our customers and carry out work where we contribute the most, says Niclas Andersson, MD of Sandbäckens El & Automation in Gothenburg.

Sandbäckens enables the company to establish itself and can develop as an independent and business-driven subsidiary.

The company started operations in January 2025. More about Sandbäckens El & Automation Gothenburg on the website https://sandbackens.se/el-automation-goteborg/

Nimlas Group is pleased to announce the appointment of Oscar Crafoord as its new Chief Strategy Officer (CSO), effective January 1, 2025. In his role, Crafoord will join the Nimlas Leadership Team (NLT) and be instrumental in driving the group’s strategic direction and ensuring its continued growth and profitability.

Executing key strategic initiatives, and managing the group’s business plan. As CSO, he will work closely with country leadership and the group’s senior management to ensure alignment across all operations.

Oscar joins Nimlas from a career in management consultancy, where he advised companies on business strategy, M&A, and organizational transformation.

– “Oscars leadership and expertise will be a key factor as we move on to our next growth phase, making Nimlas the next big success in the technical installation industry,” says Christoffer Järkeborn, Group CEO.

– “I am excited to join Nimlas Group at this transformative time. It’s inspiring to work in an industry that directly contributes to a more sustainable future,” says Oscar Crafoord, newly appointed CSO of Nimlas Group.

The appointment of Oscar Crafoord reflects Nimlas’ ongoing commitment to building a strong leadership team and supporting its business idea to attract installation companies and aim to provide them with the best environment for companies to grow.

Christoffer Järkeborn, incoming CEO Nimlas Group gave an interview with Merger Market, a subscription-based international news service based in London.

“Nimlas Group, a Nordic KLAR Partners-backed installation services group, plans to make 20 acquisitions annually in 2025 and 2026, Christoffer Järkeborn, who will assume the role of CEO on 1 January, told Mergermarket. It has a long list of potential targets in Sweden, Norway, and Finland and is holding numerous talks at different stages, he added. Nimlas Group has made 20 acquisitions so far in 2024, and additional deals could be announced before the end of the year, he stated.”

Read the article written by Olof Axelsson, Merger Market >>

Sandbäckens, part of Nimlas Group, has acquired Umia Stockholm AB from Umia Sweden AB. With a turnover of SEK 190 million (2023), this is Sandbäckens’ largest acquisition in 2024. Sandbäckens further solidifying its position in electrical and ventilation installations in the Stockholm region.

The acquisition is a strategic step in Sandbäckens’ long-term growth plan, 5-50-500, which targets SEK 5 billion in revenue, 50 new companies, and SEK 500 million in profit. The electrical segment is a key component of this growth, with the goal of achieving SEK 1 billion in revenue from electrical operations within the coming years.

– Sandbäckens’ growth journey continues, and Umia Stockholm is an important contribution to our progress towards 5-50-500. In just over a year, we have reached SEK 700 million in revenue from electrical operations. We are well on our way to becoming the next big success in the installation industry, says Christoffer Järkeborn, CEO of Sandbäckens and incoming CEO of Nimlas Group from January 1^st 2025.

– The acquisition of Umia Stockholm highlights Nimlas Group’s commitment to empowering our local companies to grow while leveraging the strengths of a Nordic platform. This is a significant step towards our goal of profitable growth across all markets, Järkeborn adds from his Nimlas Group perspective.

– After eight successful years, we see great potential in joining Sandbäckens. This collaboration opens opportunities to work with other companies within the group and further develop our business. We are excited to contribute to Sandbäckens’ growth, says Jonas Hedlund, MD of Umia Stockholm AB.

About Umia Stockholm AB

Founded in 2016 by Jonas Hedlund, Rolf Danielsson, Ronnie Ketola, and Göran Karlsson, Umia Stockholm AB has approximately 60 employees and reported a turnover of SEK 190 million in 2023. The company specializes in electrical installations, which account for 70% of its operations, and ventilation, which will be the focus moving forward. Opportunities to integrate the current heating and sanitation services with Sandbäckens will be evaluated over time.

Link to pressroom : https://news.cision.com/nimlas-group-ab

In the photo: Göran Karlsson, Jonas Hedlund, Lars Larsen( Sandbäckens), Rolf Danielsson, Ronnie Ketola.

Starting January 1, 2025, Christoffer Järkeborn, currently Deputy CEO of Nimlas Group and CEO of Sandbäckens, will become the new CEO of Nimlas Group. Christoffer Järkeborn will continue the current strategy of profitable growth. The goal is to make Nimlas Group the next big success in the installation industry in the Nordics. Mikael Matts, the current CEO of Nimlas Group, will take a position as member in the Board of Directors.

– Nimlas Group now stands on a strong foundation of quality governance, reporting, and operational excellence. Christoffer Järkeborn is set to take the group to its next level. Christoffer, who joined Nimlas in 2022, has been instrumental in fostering team development and improving business performance. His appointment marks the beginning of a new phase where the core mission of building the most profitable and sustainable installation group in the Nordics continues,” says Johan Karlström, Chairman of Nimlas Group.

– I look forward to the new role. Together with the team we will take Nimlas to the next level with a strong emphasis on profitability and continue to grow the business. Improving our operational capacity and working in a more efficient way will also be important as we move forward, says Christoffer Järkeborn, CEO Nimlas Group from January 1^st 2025.  

– Christoffer Järkeborn’s proven leadership will build on this success and accelerate the group’s progress toward achieving its revenue and EBITA goals, solidifying Nimlas as the Nordic champion in the industry, says Fredrik Brynildsen at KLAR Partners, the majority owner of Nimlas Group.

– I am happy that Mikael Matts will become a member in the Board of Directors and continue to contribute to Nimlas success. During Mikael leadership, Nimlas implemented a Nordic platform within installations and grew from a revenue of 1.5 BSEK to over 130 local companies operating across three countries with 8.5 BSEK in revenue pro forma, continues Fredrik Brynildsen at KLAR Partners.

– I look forward to contributing to Nimlas’ journey as a member of the Board. The growth and development of the group is thanks to the dedication and talent of our teams across all three countries. It has been a privilege to lead Nimlas during this period of rapid growth combined with building a solid foundation for future growth, says Mikael Matts CEO Nimlas Group.