Assemblin An has acquired Fidelix Group
Sale of Fidelix, a Finnish company offering climate smart building automation and management systems
|Global M&A Offices||
Aventum Partners (Global M&A Finland)
|Global M&A Advisory||Advisor to the seller|
Aventum advised Procuritas, the management and the other owners on the sale of Fidelix Group with subsidiaries
Aventum (Global M&A Finland) acted as advisor to Procuritas, the management and other shareholders of Fidelix Group (“Fidelix” or “Company”) on the sale of their shares in the Company to Assemblin Ab (“Assemblin”). Assemblin, backed up by private equity group Triton, is an end-to-end installation and service partner with operations across the Nordics and annual sales of ~10 BnSEK.
Fidelix was founded in Finland 2002 and has since then developed to become one of the leading players in the Nordics within climate smart building automation and management systems. Fidelix has experienced strong profitable growth over the years and exceeded 54 MEUR in annual sales in 2020. With the mission to create smart buildings for a healthier future the Company has developed several market-leading products and customer solutions that they sell, install and maintain in Finland and Sweden.
The operations in Fidelix are characterised by entrepreneurship, strong competence and a high level of innovation and digitalisation, especially within cloud, IMD and IoT solutions. The company also has comprehensive installation and service operations but also sells individual customer solutions. Fidelix service packages include the Building Management Systems (BMS) Fidelix and Larmia as well as EcoGuard, a system for individual monitoring developed for multitenant residential properties. These solutions are installed across a large part of the Swedish and Finnish real estate stock.
The acquisition strengthens Assemblin’s foothold in the Finnish market and increases the ability to meet the future needs for climate smart and efficient installation solutions.
The transaction is subject to the approval of the competition authorities and is expected to be completed in Q1 2021.
For further information on the transaction please contact