IK Partners Acquires Selatek Technical Installation Platform

IK X Fund, an investment vehicle managed by European private equity firm IK Partners, has signed an agreement to acquire Selatek Holding AB, a prominent Swedish technical installation platform. The transaction will see IK X succeed Amplio I, a fund advised by Amplio Private Equity AB, as the lead investor. Financial terms remain undisclosed, and the deal is subject to customary regulatory approvals.

Founded in 2022 and headquartered in Stockholm, Selatek specializes in delivering security, electrical, and automation solutions across buildings, infrastructure, and industrial environments. The Group operates a decentralized model, maintaining strong local brands and customer relationships through its subsidiaries while benefiting from centralized support functions and shared technical expertise. Selatek serves nearly 6,000 customers across more than 30 locations in Southern and Central Sweden, employing over 900 full-time staff.

Under Amplio’s ownership, Selatek was formed by consolidating several local technical service providers, including the acquisition of Levinsgruppen in 2021. The Group has since established itself as a leading integrated end-to-end specialist in the Swedish market, focusing on security-sensitive operations.

IK Partners plans to support Selatek’s continued organic growth, emphasizing more complex security, automation, and electrical installations alongside increasing service revenue. Leveraging IK’s extensive experience in cross-border mergers and acquisitions, the Group aims to accelerate expansion across the Nordic region. Operational improvements in procurement and workforce planning are also key priorities.

Magnus, Selatek’s CEO, commented on the partnership: “With IK’s strong expertise in the Nordic Industrials sector, we see a clear opportunity to accelerate our development. We will continue driving value through targeted acquisitions while enhancing operational performance and cross-business collaboration.”

IK Partners highlighted Selatek’s differentiated market position and robust growth prospects. “Selatek has consistently outperformed the broader market in security, electricity capacity, and automation,” said an IK spokesperson. “We are confident that the Group’s organic growth and attractive M&A pipeline will support its next phase of development while preserving its valued decentralized operating model.”

Amplio Private Equity reflected on its tenure with Selatek, noting significant growth and expansion across Sweden through strategic acquisitions. The firm expressed confidence in Selatek’s future under IK’s stewardship.

The deal occurs amid increasing demand for integrated technical installation services in the Nordics, driven by rising security concerns and the need for advanced automation solutions. Selatek’s strengthened platform and planned Nordic expansion are expected to intensify competitive pressures, potentially accelerating industry consolidation.

Financial details of the transaction remain confidential. IK Partners, with over €20 billion raised since 1989 and investments in more than 210 European companies, brings significant expertise to support Selatek’s growth ambitions. Amplio, established in 2024 by the former Segulah team, focuses on Nordic lower mid-market investments with a sustainability emphasis.

Looking ahead, Selatek aims to maintain its decentralized structure while integrating operational efficiencies and expanding its geographic footprint. The partnership with IK is positioned to enhance Selatek’s market leadership and service capabilities across the Nordics.