18 Acquisitions of Companies in Sweden

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Sweden. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 18 acquisitions that took place in Sweden .

Consoden AB acquired by CAG Group

Details about the transaction:

Acquisition amount:

$2,521,883

Announcement:

20 January 2020

Details about the company:

Consoden is a consulting company that specializes in developing cutting-edge business and systems where security and dependability are crucial.

Headquarter:

Uppsala, Uppsala Lan, Sweden

Where to find them:

Industry:

Consulting, Cyber Security, Information Technology, Security

Details about the buyer:

An IT company called CAG Group provides business consultancy and experienced specialists.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Ehlin & Larsson acquired by Assemblin

Details about the transaction:

Acquisition amount:

$4,394,880

Announcement:

10 January 2022

Details about the company:

The brothers Anders and Tore Ehlin formed the well-known installation business Ehlin & Larsson in 1999.

Headquarter:

Västerås, Vastmanlands Lan, Sweden

Where to find them:

Industry:

Service Industry

Details about the buyer:

A full-service installation and service partner is Assemblin Oy. In offices, it designs, installs, and maintains LVISAK systems.

Headquarter:

Helsinki, Southern Finland, Finland

Where to find them:

Findify (Acquired by Maropost) acquired by Maropost

Details about the transaction:

Acquisition amount:

$4,450,000

Announcement:

26 May 2022

Details about the company:

Findify is an intelligent on-site search tool that boosts sales for e-commerce retailers by utilizing machine learning and big data.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

Artificial Intelligence, Big Data, E-Commerce, Machine Learning, Search Engine

Details about the buyer:

Maropost offers on-demand platforms for infrastructure, e-commerce, and digital marketing.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Handheld acquired by Mildef AB

Details about the transaction:

Acquisition amount:

$33,070,058

Announcement:

11 September 2022

Details about the company:

Manufacturer of tough mobile computers is Handheld.

Headquarter:

Lidköping, Vastra Gotaland, Sweden

Where to find them:

Industry:

Hardware, Manufacturing

Details about the buyer:

One of the MilDef Group's companies is MilDef Systems AB.

Headquarter:

Helsingborg, Skane Lan, Sweden

Where to find them:

Tricked.dk acquired by RightBridge Ventures

Details about the transaction:

Acquisition amount:

$3,820,306

Announcement:

7 November 2022

Details about the company:

Leading Danish eSport organization Tricked eSport

Headquarter:

Köpenhamn, Vasternorrlands Lan, Sweden

Where to find them:

Industry:

Sports

Details about the buyer:

RightBridge Ventures is a business that makes investments.

Headquarter:

Östermalm, Stockholms Lan, Sweden

Where to find them:

Broderna Ohman acquired by Bellman Group

Details about the transaction:

Acquisition amount:

$16,508,095

Announcement:

10 June 2022

Details about the company:

Construction, excavation, crushing, rock blasting, building roads and railroads, and mass handling are some of the businesses operated by Broderna Ohman.

Headquarter:

Älvsbyn, Norrbottens Lan, Sweden

Where to find them:

Industry:

Building Material, Construction

Details about the buyer:

Bellman Group offers transport and machinery-related services for plants.

Headquarter:

Salsjö, Vasternorrlands Lan, Sweden

Where to find them:

Changemaker Educations acquired by Academedia AB

Details about the transaction:

Acquisition amount:

$5,716,444

Announcement:

8 July 2022

Details about the company:

Changemaker Educations offers chances for retraining and upskilling in the digital and creative sectors.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

E-Learning, Education

Details about the buyer:

The biggest education firm in Sweden.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Dreamhack acquired by Modern Times Group

Details about the transaction:

Acquisition amount:

$28,000,000

Announcement:

11 November 2015

Details about the company:

The largest computer event in the world, DreamHack is focused on providing entertainment for the digital youth.

Headquarter:

Hägersten, Stockholms Lan, Sweden

Where to find them:

Industry:

Internet

Details about the buyer:

An multinational entertainment company is called Modern Times Group.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Reve acquired by Tipser

Details about the transaction:

Acquisition amount:

$3,000,000

Announcement:

15 January 2020

Details about the company:

Reve was a direct-to-consumer platform where businesses could sign up to sell without integration to customers.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

Apps, Computer Vision, E-Commerce, Marketplace, Mobile, Search Engine, Shopping

Details about the buyer:

Tipser enables publishers to profit from online sales.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Roi Rekrytering acquired by Poolia

Details about the transaction:

Acquisition amount:

$3,512,132

Announcement:

1 February 2022

Details about the company:

Roi Rekrytering is a rapidly expanding HR-Tech business.

Headquarter:

Malmö, Skane Lan, Sweden

Where to find them:

Industry:

Human Resources, Recruiting, SaaS

Details about the buyer:

Poolia is a privately held business that places talented people in both permanent and temporary positions.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Strawbees acquired by Albert

Details about the transaction:

Acquisition amount:

$5,811,148

Announcement:

19 December 2022

Details about the company:

A popular prototype toy for creators of all ages is strawbees.

Headquarter:

Gothenburg, Vastra Gotaland, Sweden

Where to find them:

Industry:

Consumer Goods, Education, Software

Details about the buyer:

25,000 arithmetic problems from all of the country's math books are collected in one database.

Headquarter:

Gothenburg, Vastra Gotaland, Sweden

Where to find them:

Attentec acquired by CombinedX

Details about the transaction:

Acquisition amount:

$3,922,782

Announcement:

1 February 2022

Details about the company:

Information technology business Attentec.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

Business Development, Information Technology, Internet

Details about the buyer:

A group of specialized IT consulting firms make up CombinedX.

Headquarter:

Karlstad, Varmlands Lan, Sweden

Where to find them:

Dynamic Precision Solutions AB acquired by NOTE

Details about the transaction:

Acquisition amount:

$1,905,481

Announcement:

8 July 2022

Details about the company:

Dynamic Precision Solutions encourage the evolution toward a world that is more conscious and linked.

Headquarter:

Herrljunga, Vastra Gotaland, Sweden

Where to find them:

Industry:

Electronics

Details about the buyer:

NOTE AB serves as a manufacturing and logistical partner in the development of goods based on electronics.

Headquarter:

Kista, Stockholms Lan, Sweden

Where to find them:

Hejmo acquired by Investment AB Spiltan

Details about the transaction:

Acquisition amount:

$2,880,194

Announcement:

18 July 2021

Details about the company:

The Swedish Financial Supervisory Authority has granted Hejmo permission to engage in mortgage lending activity.

Headquarter:

Malmö, Skane Lan, Sweden

Where to find them:

Industry:

Financial Services

Details about the buyer:

A venture capital and private equity company called Investment AB Spiltan offers multi-stage financing to companies with headquarters in Sweden.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

H&P Search & Interim AB acquired by Dedicare AB

Details about the transaction:

Acquisition amount:

$2,871,361

Announcement:

15 March 2022

Details about the company:

A provider to the Nordic market, H&P Search & Interim specializes in finding and employing consultants for the life science industry.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

Biotechnology, Pharmaceutical, Recruiting, Staffing Agency

Details about the buyer:

The top Nordic staffing and hiring company for healthcare and social work is Dedicare AB.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Pilloxa acquired by iZafe

Details about the transaction:

Acquisition amount:

$2,854,384

Announcement:

18 August 2022

Details about the company:

It is simple to consume medicine in a smart and safe way thanks to Pilloxa's smart pillbox and smartphone application.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

Clinical Trials, Health Care, Medical, Mobile Apps, Sensor

Details about the buyer:

A firm called iZafe performs research, develops, and markets medical solutions for managing medications and other drugs.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Syntell acquired by CAG Group

Details about the transaction:

Acquisition amount:

$6,875,709

Announcement:

14 June 2022

Details about the company:

Through organizational growth, training, and project support from knowledgeable consultants, Syntell assures a long-term benefit.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

Management Consulting, Project Management, Training

Details about the buyer:

An IT company called CAG Group provides business consultancy and experienced specialists.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

TBO Haglinds acquired by Balco Group

Details about the transaction:

Acquisition amount:

$13,250,883

Announcement:

13 December 2018

Details about the company:

Complete balcony systems with railings are designed and built by TBO Haglinds, who also produces high-quality items.

Headquarter:

Arboga, Vastmanlands Lan, Sweden

Where to find them:

Industry:

Construction

Details about the buyer:

Balco Group is a developing business that markets customized, cutting-edge, patented, and energy-efficient balcony solutions under its brand.

Headquarter:

Växjö, Kronobergs Lan, Sweden

Where to find them: