FSN's Instalco bolts on Andersen og Aksnes Rørleggerbedrift

The bolt-on acquisition comes three years after FSN established Instalco as a consolidation platform in the Nordic plumbing and electrical installation industry by acquiring and merging five Swedish companies in the sector.

Instalco's add-on acquisition of AAR forms part of the company's ongoing build-up strategy which has seen it come to comprise 26 companies since FSN's investment.

AAR's management team and previous owners will continue in their current roles following the deal, led by CEO Roger Aksnes.

Company
Headquartered in Hvalstad near Oslo, Andersen og Aksnes Rørleggerbedrift is a plumbing and electrical installation company operating in Norway.

The company employs a staff of 30 and generates NOK 100m in revenues, according to publicly available information.

People
Instalco – Per Sjöstrand (CEO).

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• Topics
• Portfolio management
• Consumer
• Nordics
• FSN Capital
• Norway
• Build-up