SWECO’s Finnish subsidiary, SWECO PIC, has signed an agreement to acquire JAPS Elektronik AB with 45 employees. The company is one of Sweden’s leading consulting engineering companies in the field of industrial electronics. The acquisition will diversify SWECO PIC’s existing operations in Sweden to cover also product development services.
The purpose of the acquisition is to establish a platform for SWECO on the Swedish industrial product development service markets. In Finland SWECO PIC is already one of the leading consulting engineering companies in product design, telecommunications and industrial electronics as well as industrial design.
JAPS Elektronik AB was founded in 1987 and has an annual turnover of EUR 5 million. The company has offices in Västerås and Stockholm. In the recent years the major clients have been ABB, Bombardier, Atlas Copco, Vishay Nobel, KMT and Söderhamns Eriksson.
Keystone Advisers acted as advisor to the sellers in the transaction.
Keystone Advisers is a fully independent Corporate Finance firm offering
advice related to mergers and acquisitions (M&A), divestitures, as
well as various financing arrangements. The firm has advised on
approximately 140 transactions to a variety of different clients in a
number of sectors since the inception in 2000. Keystone Advisers is a
Partner owned firm and where the founders have experience from
Investment Banking and Management Consulting from some of the largest
global institutions. We are a team of 14 professionals at the Stockholm
office and in addition we have an own organization in the Baltic
countries. Keystone Advisers aims to be the leading mid-market M&A
advisory firm in the Swedish market.