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KLAR Partners funds take the next step in building the Nordic region's leading technical installation and property services group by acquiring Finnish Quattro Mikenti Group, QMG


News provided by

KLAR Partners

24 Jun, 2021, 06:20 GMT

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STOCKHOLM, June 24, 2021 /PRNewswire/ --Funds advised by KLAR Partners Limited ("KLAR Partners" or "KLAR") have signed an agreement to acquire QMG, one of Finland's leading players in technical installation and services within electricity, heating, ventilation, sprinklers and automation. The acquisition is the next step in KLAR Partners' ambition to create the Nordic region's leading player in technical installation and property services.

QMG offers technical installation and services within electricity, heating, ventilation, sprinklers and automation. With around 1,000 employees in almost 30 locations, the company is one of the largest installation companies in Finland. In 2020, QMG had sales of approximately EUR 200m.

Together with Sandbäckens, an existing KLAR portfolio company, QMG will form one of the Nordic region's leading players in technical installation and property services. The two companies, within the newly formed group, will continue to operate as separate units – Sandbäckens on the Swedish market and QMG on the Finnish market. Kimmo Liukkonen remains President of QMG and joins the Group's management team with Mikael Matts, group President and CEO and Johan Henriksson, group CFO.

"We have followed QMG for a long time as the company fits well into KLAR's investment strategy. With QMG and Sandbäckens, we have the market's most skilled employees and a world-class management team. It gives us a powerful Nordic platform for continued growth", said Fredrik Brynildsen of KLAR Partners.

"I look forward to participating in the creation of a leading Nordic player in installation and services that is based on a decentralized structure with local presence and entrepreneurship, paired with the larger company's network and combined expertise", said Johan Karlström, the new group's chairman of the board.

"I am pleased to welcome QMG as a partner to Sandbäckens, and thereby establish one of the leading players in the Nordic region. The companies have a similar corporate culture and shared values. This is something we must nurture and preserve while we develop the companies' successful and decentralized structure. Together, we can develop further through synergies and sharing of best practices, and we have the strength to accelerate our growth, both organically and through acquisitions," said Mikael Matts, the new Group's President and CEO.

"KLAR Partners is an owner with deep sector expertise and experience in developing companies in our industry. We also look forward to forming a significant Nordic player together with Sandbäckens, which gives us the best conditions for our continued growth journey", said Kimmo Liukkonen, CEO of QMG.

KLAR Partners Funds' acquisition of QMG is conditional upon customary approvals from the competition authority in Finland.

For more information:

Fredrik Brynildsen                                                             

fb@klarpartners.com                                                                         

+44 7388 439 890

Mikael Matts, CEO, Sandbäckens

mikael.matts@sandbackens.se

+46 76-850 16 03

About KLAR Partners

KLAR Partners is a European private equity firm focused on investments in companies operating in business services and light industrials. The companies in which KLAR invests each have an annual turnover of approximately EUR 50-500m and are headquartered in the Nordics, Benelux or DACH regions. With investment professionals located in London, Stockholm, Frankfurt and Brussels, together with a broad international network in the industry, KLAR has a proven business model to support, develop and grow companies. KLAR's senior professionals have worked together for many years and have more than 50 years of combined investment experience in KLAR's industry-specific and geographical focus area. KLAR Partners is a signatory of United Nations Principles for Responsible Investment. More information about KLAR can be found on the company's website at www.klarpartners.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/klar-partners/r/klar-partners-funds-take-the-next-step-in-building-the-nordic-region-s-leading-technical-installatio,c3373561

The following files are available for download:

https://mb.cision.com/Main/19608/3373561/1436393.pdf

Press Release

https://news.cision.com/klar-partners/i/230621-qmg-kuusitunturi-lahti-web-3,c2929181

230621-QMG Kuusitunturi Lahti-web-3

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