Procuritas exits Fidelix to Assemblin
Procuritas Capital Investors V (”PCI V”) has entered into an agreement to divest its holdings in Fidelix Holding Oy (“Fidelix”) to Assemblin Financing AB (“Assemblin”).
Fidelix, founded in 2002, is one of the leading players in the Nordics within climate smart building automation and management systems. 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.
PCI V partnered up with the founders of Fidelix in 2014. Since then Fidelix has tripled in size and improved profitability significantly, driven by both strong organic initiatives and successful acquisitions. Furthermore, management structures, processes and support systems have been improved to create a platform for the future without losing the entrepreneurial spirit in the company.
“Procuritas has been an ideal partner to the management in the growth journey of Fidelix with a pragmatic approach to business opportunities and high focus on creating a stronger company for the future. I am super excited that now with Assemblin we get an owner that shares our vision and focus on quality, sustainability and efficiency. This transaction will be beneficial for all parties”, says Tero Kosunen, CEO of Fidelix.
Johan Conradsson, Partner at Procuritas, adds: “We are happy to see Assemblin step in as owners in Fidelix. They have demonstrated their commitment to the future-oriented installation services including building automation products, services and high-quality installations that every day help improve indoor climate and energy consumption. We are proud to have worked with Fidelix managers and employees and been part of their success story. We wish them all the very best going forward, and we are convinced that Fidelix important journey for better climate through use of technology will continue.”
With this strategic acquisition Assemblin increases the ability to meet the future needs for climate smart and efficient installation solutions, and also strengthens the position on the Finnish market.
“The entire construction sector is changing, and we intend to actively participate in the transformation now underway. Fidelix’s cutting edge competence strengthens and complements Assemblin’s offering and accelerates our development journey. This acquisition is wholly in line with our strategic focus on technologies and digital systems that enhance smart and sustainable installation solutions. I am therefore thrilled to welcome Fidelix’s employees, customers and suppliers to the Assemblin Group”, says Mats Johansson, President and CEO of Assemblin.
Fidelix will be organised as an independent business area in Assemblin. The transaction is subject to approval from the competition authorities.