Install acquires Elteleteknik i Umeå AB
Norrland installation company Install is expanding. Earlier this autumn, Opteno was acquired in Jämtland and now Install is also growing in Västerbotten. This is done through the acquisition of the fibre company Elteleteknik i Umeå AB. With the acquisition, Install can increase capacity and offer more fibre and electrical installations throughout northern Sweden.
- "With the acquisition of Elteleteknik and the 20 new employees, there will be an addition of experienced project managers and fibre installers. For Install, the acquisition means a fantastic addition as part of our continued journey, says Jan Fransson, CEO of Install.
For Elteleteknik, whose assignment today consists of installing city networks at telecom operators in municipalities and village networks, the deal means new opportunities. Within Install, Elteleteknik's expertise will be put to good use and continue to develop through new exciting business opportunities.
Mikael Gunnarsson, CEO of El teleteknik:
- Install is a strong and long-term player with a clear local focus, which is important for both the region's development but also incredibly important for us in Elteleteknik. The deal was an appreciated news and early Christmas present.
About Install
Install is a northern installation company that offers products and services in energy, electrical power and communication to companies and municipalities - always with sustainability in focus. The company has offices in Luleå, Piteå, Skellefteå, Umeå, Örnsköldsvik and Östersund, currently employs about 125 people and expects to reach a turnover of almost SEK 600 million in 2021. Read more about Install at www.install.se
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