Advised Systeminstallation, a leading building automation provider, on its majority sale to Alder
Systeminstallation, founded in 1998, designs, develops, and delivers building automation solutions and related software and services. The Company is headquartered in Varberg, Sweden, and has an annual turnover of ca. €15m with ca. 110 employees. SI has under the leadership of its four founders, grown steadily from Varberg to five additional locations in south-western Sweden and continuously broadened its offering from the building automation segment to also include unique solutions for e.g. logistics, water & sewage and spa & bath. In addition, SI has developed software applications and remote monitoring services provided on a subscription basis.
Alder will provide capital, experience, and support to enable further geographical expansion and further development of Systeminstallation’s software applications and solutions. The current owners will stay on as substantial minority shareholders and continue to develop the business in partnership with Alder.