The acquisition of the Landskrona-based electrical installation company Jelmo El AB is one of Lindsténs Elektriska AB’s strategic decisions to grow geographically, with focus on quality and a high level of competence. Lars Weibull AB has been the seller’s advisor and Anders Steén at Moll Wendén, has been part of the team of advisors to assist with the legal matters.
Jelmo El AB was founded in 1984 and currently has 23 employees. The company primarily works with contracted electrical installations, including everything from planning to service. The business operations are based at the Landskrona office, from where the company with its broad expertise provides electrical installation services in various fields.
Lindsténs Elektriska AB is a family owned electrical company founded in 1965. The company is based in Tomelilla in Österlen. The business operations include both installation services and retail. With over 100 employees, the company is a market leader in the electrical industry in south-eastern Skåne. Services from consultation to complete electrical installations are offered to all customer segments; municipalities, businesses, farms, factories and private individuals.
The acquisition on May 30, 2013 brings a great potential for development for both companies. With a strong focus on technical expertise in both advanced automation projects and efficient contracts across a doubled geographical area, customers and partners will notice a big change. With a high level of competence, availability and loyalty, added value is created together with the customers.
“Similar values and business portfolios makes the acquisition of Jelmo El AB a perfect step in our strategy for geographical growth with a focus on quality and a high level of competence”, says Johnny Petré, Managing Director of Lindsténs Elektriska AB.
“Both parties have been very professional and pragmatic throughout the process. They have understood the importance of not expending trust through an excessive focus on details and they have kept a clear focus on the end goal”, says Lars Weibull, who has been the responsible project manager from Lars Weibull AB.