Nordic Capital Strengthens Sustainable Growth through Investment in Hjo Installation

    Nordic Capital, a prominent private equity investor, has entered into an agreement to invest in Hjo Installation, a rapidly growing pioneer in sustainable installation services for energy optimization, electricity, HVAC (heating and sanitation), and ventilation. Through this partnership with Hjo Installation’s management and founders, Nordic Capital aims to accelerate the company’s impressive growth journey and contribute to more customers’ green transition.

    Based in a small town Hjo, right in the center of Sweden, Hjo Installation has quickly established itself as a leading player in energy efficiency and sustainability-driven installation technology. This includes a range of solutions in electrical, ventilation, heating and air conditioning. Since its inception in 2019, the company has completed no less than 60 acquisitions, now comprising an impressive collection of 51 local companies across Sweden. With over 1,100 employees and an annual growth rate of 21 percent since 2021, Hjo Installation is expected to report a turnover of 2.3 billion SEK in 2023.

    “We have closely followed Hjo Installation and are impressed by their strategy and vision to bring together skilled installers and dedicated founders from different parts of Sweden. This company represents an excellent example of a growth-oriented enterprise with a strong acquisition agenda that Nordic Capital is pleased to invest in. We believe that our experience in supporting similar companies, our extensive network, and our deep industry knowledge will benefit Hjo Installation’s ongoing development,” comments Joakim Lundvall, Partner at Nordic Capital Advisors.

    Christoffer Olbrich, CEO of Hjo Installation, expresses enthusiasm for the partnership with Nordic Capital: “We are proud to welcome Nordic Capital as a valuable partner on our continuing journey. Our dedicated colleagues and experienced installers have played a crucial role in building our successful company in a short span of time. We look forward to writing the next chapter of our story together with Nordic Capital. Their extensive experience and operational expertise will be invaluable during our growth journey.”

    The investment in Hjo Installation is part of Nordic Capital’s Evolution Fund, which focuses on supporting promising companies with a clear sustainability profile. The latest investment in the Evolution Fund includes renowned companies such as Qred, Autocirc,, Care Fertility, and Equipe Zorgbedrijven. The transaction is expected to be completed in the third quarter of 2023 and is subject to customary conditions and regulatory approvals.

    With its strong environmental, social, and corporate governance (ESG) focus and extensive experience in creating value through operational improvements, Nordic Capital continues to expand its influence in Nordic and European markets.

    David Zingmark
    I'm a passionate individual dedicated to shining a spotlight on incredible companies. My goal is is to uncover stories by telling the most complex operations into simplified words, empowering you as a reader to gain better insights and make informed investment and/or business choices.

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