Nimlas subsidiary Konstel acquires Teca Group – reaches NOK 3 billion

The acquisition is also a key step in Nimlas Group’s long-term growth strategy. The “2–20–2” strategy: to deliver SEK 2 billion in EBITA, reach SEK 20 billion in revenue, and expand into 2 new markets by 2029.

Teca Group includes the companies Teca and TekniskBureau, with 340 employees and a projected annual revenue of NOK 570 million. The group provides a wide range of installation and service solutions in the construction, marine and industrial segments, with offices in Stord, Bømlo, Kvinnherad and Stavanger.

“With the acquisition of Teca, we’re not only entering a new region and adding technical capabilities; we’re also taking a clear step toward our 2–20–2 strategy. This is how we build the future success in the technical installation industry,” says Christer Järkeborn, CEO of Nimlas Group.

According to Terje Myhre, CEO of Konstel, the acquisition reflects the group’s core strategy of building regional clusters of strong local companies sharing resources and competence.

“Teca Group represents exactly what we look for when entering a new region: solid size, strong profitability, high technical competence and a leading market position. With this acquisition, we not only expand geographically, but we also strengthen our overall offering by adding new technical disciplines to Konstel. That benefits our customers, our people and our long-term competitiveness,” says Myhre.

The acquisition of Teca, along with Lauareid Service earlier in June, builds the foundation for a new regional cluster in Western Norway. This move also signifies Konstel’s strategic expansion beyond its core electrical installation services into a broader array of technical disciplines. Following in the footsteps of its Nordic sister companies Sandbäckens in Sweden and QMG in Finland, who are both multi-disciplinary providers.

Completion of the acquisition is subject to approval by the Norwegian Competition Authority.