Konstel acquires Elman
Published 5 dec 2023
Konstel acquires Elman
Konstel has today signed an agreement for the acquisition of Elman. The acquisition is strengthening Konstel’s position in the county of Trøndelag through five new companies.
Elman was established in 2008, and as of today consists of 5 operating companies, with a total of 9 departments in Verdal, Levanger, Steinkjer,
Leksvik, Stjørdal, Trondheim, Namsos, Rørvik og Brønnøysund.
– The company's development since its founding
has been nothing short of impressive. From the beginning, with its five
founders, till today's nine locations and 170 employees, they have shown
remarkable professionalism, extensive knowledge and a passionate commitment to
their profession and industry. These are characteristics they share with other
companies in Konstel, according to Konstel CEO Terje Myhre.
robust and profitable growth is the result of well-rooted core values;
Pleasant, Engaged and Professional. Our employees are happy, they deliver
quality work and are proud of their profession. This is reflected in satisfied
customers, says Frank Holmstad, general manager of Elman Norway.
an annual turnover of almost NOK 300 million through its 5 companies. This
turnover is well distributed between project and service assignments, for both the
public, private and industry sector.
Konstel is already
well represented in several parts of the county of Trøndelag, with electrical installations
for private house owners, property developers, property owners, agriculture,
industry, and aquaculture.
– With the
acquisition of Elman we become an even more competent and complete electrical
installer, and are able to meet the demand for electrical installations and
energy-efficient services in bigger parts of Mid-Norway, says Lars Ole
Hageskal, Regional Director, Konstel.
– We look
forward to becoming part of Konstel, while continuing to be Elman as we have
always been, for our employees, partners and customers, concludes Holmstad.
The acquisition of the Elman Group makes
Konstel one of the leading providers of electrical installations in Trøndelag. The
Konstel group's total turnover after the acquisition reaches approximately NOK
2 biillion, and Konstel now holds 30 local electrical contractors with 1170employees.
completion of the acquisition is subject to approval from the Norwegian
the norwegian business in Nimlas Group AB – a Nordic group within technical
installations with over 100 companies and 3,500 employees in Norway, Sweden and
Konstel – CEO
Terje Myhre, phone 92 82 45 44 or email firstname.lastname@example.org
Elman – CEO Frank Holmstad, phone 40 02 30 07 email email@example.com