Nea-group: acquisition of Värnamo Elservice

The NEA-group has acquired all shares in Värnamo Elservice AB. The NEA-group, owned by Imtech N.V., is one of Sweden’s largest electrical with a turn-over of approx. 2 500 million SEK. MOLL WENDÉN has been the NEA-groups’ legal counsel in the process.

The NEA-group has acquired all shares in Värnamo Elservice AB. The acquisition is part of NEAs’ strategy to enhance its position in Småland, and an investment in future growth within the region, according to their press release (Swedish only). 

Värnamo Elservice AB has 15 employees and a turn-over of about 17 million SEK. The company, focusing on electrical installations and services, was founded in 1985 and has made a profit ever since, with the exception of a few years.  The sales representatives, Stellan Hellberg and Lennart Modeé, will continue to be a part of the business also after the transaction-process in order to ensure stability and a smooth integration.

More information about the acquisition: see Imtech’s press release

About NEA Installation and Imtech N.V.

The NEA-group is one ofSweden’s largest electrical contractors with about 2100 employees and a turn-over of about 2 500 MSEK. NEA offers solutions within electrical contracting and installation, in combination with repair shops and hoisting equipment.

From July 2010 the NEA-group is owned by Imtech N.V. Imtech is one of Europe’s leading technical companies with approx. 28 000 employees and a turnover of approx. 5.1 billion euro. Imtech has strong market positions in the European buildings industry, infrastructure and traffic markets. Imtech has during the last three years become a major player through the acquisitions of NVS, NEA and Sydtotal, within the buildings industry, infrastructure etc. Find out more about Imtech at www.imtech.eu

 Anders Steén  has been responsible for the process at MOLL WENDÉN.

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For more information, please contact:

Anders Steén, partner and lawyer at MOLL WENDÉN Law Firm
E-mail: anders.steen@mollwenden.se, +46 40 665 65 10 

For contact information to the NEA-group, see press release.

For conatc information to Imtech N.V., see press release

Image source: Värnamo Elservice