News. 09/12/20

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.

For further information, please contact:

For Fidelix
Tero Kosunen, CEO of Fidelix

For Procuritas
Johan Conradsson, Partner at Procuritas

Jussi Holopainen, Investment Manager at Procuritas

For Assemblin
Mats Johansson, President and CEO Assemblin

Åsvor Brynnel, Head of Communications and Sustainability Assemblin

About Fidelix

Fidelix is making buildings smart – Our expertise in building technologies is visible in our solutions and services optimizing buildings energy costs, indoor climate and cost of operations. Our products are developed, tested and working every day in demanding and extreme climate conditions in the Nordics and positively affect the wellbeing of over one million people. Read more at

About Procuritas

Founded in 1986, Procuritas is a pioneer in management buyouts in the Nordic region. Procuritas invests in and develops niche market leaders in attractive growth industries. Procuritas Capital Investors V is a private equity fund raised in 2012 focusing on investments in mid-sized companies in the Nordic Region. PCI V is advised by Procuritas AB and Procuritas Partners GmbH. Read more at

About Assemblin

Assemblin is an end-to-end installation and service partner with operations in Sweden, Norway and Finland. We design, install and maintain technical systems for air, water and energy. Our vision is to create smart and sustainable installations that make buildings work and people feel comfortable. We do this through close local collaboration supported by a strong organisation. We have annual sales of approximately SEK 10 billion and 5,800 dedicated employees at more than 100 locations in the Nordic region. Read more at

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