IK Partners (“IK”) is pleased to announce that the IK X Fund (“IK X”), has signed an agreement to invest in SELATEK Holding AB (“Selatek” or “the Group”), a leading Swedish technical installation platform. IK will succeed Amplio I, a fund advised and managed by Amplio Private Equity AB (“Amplio”), as lead investor. Financial details of the transaction are not disclosed and completion is subject to customary regulatory approvals.

Headquartered in Stockholm, Sweden, Selatek is a technical installation platform, specialising in Security, Electrical and Automation solutions across buildings, infrastructure and industrial environments, with a strong focus on security-sensitive operations. Established in 2022 following Amplio’s acquisition of Levinsgruppen in November 2021, the Group brings together several local technical service providers under a common structure.

Selatek operates a decentralised model, where its subsidiaries retain strong local brands and customer relationships, while benefiting from shared resources, technical expertise and centralised support functions at the Group level. Through close collaboration within regional clusters, Selatek is able to achieve a high degree of workforce flexibility and cross-sale opportunities. Operating across more than 30 locations in Southern and Central Sweden, the Group has over 900 full-time employees who serve a broad and loyal base of nearly 6,000 customers.

Under IK’s ownership, Selatek will continue to pursue organic growth in its core disciplines, with an increasing focus on more complex security, automation and electrical installations and a higher share of service revenues. The Group will also look to leverage IK’s extensive experience in executing strategic cross-border M&A to accelerate its expansion across the Nordics, while working in close partnership to drive operational improvements, including procurement and workforce planning.

Magnus Löfgren, Chief Executive Officer of Selatek, said: “We are excited to confirm the formation of this new partnership with IK. With their strong expertise in the Nordic Industrials sector, we see a clear opportunity to further accelerate our development — building on our proven model of combining entrepreneurial local companies with a structured platform for growth. Together, we will continue to drive value through targeted acquisitions, while further strengthening our operational performance, cross-business collaboration and efficiency across the Group. We would like to thank the team at Amplio for their strong support and partnership over the past few years. They have played an important role in shaping the platform we have today and we now look forward to taking the next step in our journey together with IK.”

Carl Jakobsson, Partner at IK and Advisor to the IK X Fund, commented: “In a time where security, electricity capacity and automation are crucial topics for society, Selatek has proven itself as a leading technical installation provider in the Nordics, with a differentiated positioning that has consistently outperformed the broader market. We are confident that the Group’s robust organic growth, attractive M&A pipeline and scope for operational improvements will support its continued development, while preserving the successful decentralised operating model that is so highly valued by its customers. We look forward to working alongside Magnus and his team to support this next phase of development.”

Marcus Planting-Bergloo, Managing Partner at Amplio, added: “It has been a privilege to support Selatek over the past four and a half years, during which the business has delivered strong growth. Throughout our partnership, the Group expanded its footprint across Sweden and strengthened its service offering and technical capabilities through a series of carefully selected acquisitions. Today, it is uniquely positioned as the only integrated end-to-end discipline specialist in the Swedish market and we are proud to have been part of that journey. We look forward to following Selatek’s continued success and wish Magnus, his team and IK all the very best in their new partnership.”

For further questions, please contact:

Selatek
Magnus Löfgren, Chief Executive Officer
Phone: +44 (0)702 096 614
magnus.lofgren@selatek.se

IK Partners
Vidya Verlkumar, Director of Communications and Marketing
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com

Amplio Private Equity
Marcus Planting-Bergloo, Managing Partner
Phone: +46 (0)702 291 185
planting@amplio.se