What Nimlas Group does

Nimlas Group is a Nordic technical installation and building services platform that delivers electricity, plumbing/HVAC, fire safety, automation and related services across Sweden, Finland and Norway. It is organised as a decentralised group of approximately 150 locally rooted installation companies, each retaining its own brand, P&L and customer relationships, coordinated through three country organisations (Nimlas Sweden, Nimlas Norway, Nimlas Finland). The group's core technology is "The Nimlas Way" — a documented operating model combining local entrepreneurship with group-level governance, a single monthly reporting system, centralised procurement, and digital/AI tools to minimise administrative overhead. Group ownership sits with private equity firm KLAR Partners since the 2021 combination of Swedish platform Sandbäckens and Finnish platform QMG, with Norwegian platform Konstel added in 2022.

Nimlas generates revenue primarily through two streams: project-based technical installation contracts (turnkey and multi-discipline packages for new builds, renovations and complex infrastructure) and recurring service and maintenance agreements across residential, commercial, industrial and public-sector buildings. Pricing is quote-based and project-specific, not publicly disclosed, with multi-year contract cadences for installation work and annual agreements for service. Customer segments are diversified across commercial/industrial property owners and developers, data centres and mission-critical facilities, energy and infrastructure (medium-voltage and battery storage), and public-sector and housing associations. Go-to-market is sales-led via direct country organisations and the local entrepreneur-led installer companies, with no self-serve or marketplace channel.

On a pro forma 2025 basis, the company reported SEK 10.1 billion in net sales (SEK 9.2 billion consolidated), SEK 822 million adjusted EBITA at an 8.2% margin, and SEK 768 million operating cash flow. Nimlas finances its acquisition-led roll-up through a EUR 375 million senior secured bond (rated B/B2), issued in March 2025 and listed on Oslo Børs in January 2026. The June 2026 "4-40-4" growth strategy targets SEK 40 billion in net sales and SEK 4 billion in EBITA across four new European markets (starting with Poland and Germany) by 2031.

Name

Nimlas Group

Legal name

Nimlas Group AB

Website

https://nimlasgroup.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Nimlas Group is a Nordic technical installation and building services platform delivering electricity, plumbing/HVAC, fire safety and automation services across Sweden, Finland and Norway through a decentralised network of approximately 150 locally branded installation companies.

Ownership category

akta.pro rank

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Technical installation project contracts: Revenue from the design, installation and project delivery of electricity, plumbing/HVAC, fire safety, automation, and other related installation services for new builds, renovations and complex projects. Turnkey and integrated multi-discipline packages are increasingly procured.
2. Service and maintenance agreements: Recurring revenue from ongoing service contracts, maintenance agreements, inspections, and energy optimisation for installed systems across residential, commercial, industrial and public sector buildings. Thousands of service agreements support a recurring revenue base.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Nimlas Group is a Nordic technical installation and building services provider that delivers electricity, plumbing, HVAC, fire safety, automation, and adjacent installation services to commercial, public-sector, and industrial customers. The group operates a decentralised model of around 150 locally rooted installation companies across Sweden, Norway, and Finland, unified by the proprietary "Nimlas Way" operating system, centralised procurement, shared digital reporting, and the Nimlas Academies training programme.

Product overview

Nimlas Group is not a single unified software product but a decentralised platform-plus-local-companies architecture of more than 150 technical installations businesses across Sweden, Norway and Finland, with expansion into Poland and Germany. The offering is organised around six core technical disciplines — Electricity, Plumbing, HVAC, Fire safety, Automation and Other related services — delivered through three country sub-brands (Nimlas Sweden, Nimlas Norway and Nimlas Finland), each composed of locally branded entrepreneur-led operating companies (such as Sandbäckens, Konstel, QMG and the dozens of acquired installers like LP Electric, DT Systems, Avitor Sähkö, LVI Tasacon, Sioma, Nevera, Tjädermos El, EF Rör, Jönköpings Rörtjänst, Miljø Elektro, Abmas Elektro, MerElektro and Svenska vvs & elanläggningar).

Differentiator

Problem solved

Functional benefit

Brands

• Sandbäckens: Swedish platform company (now part of Nimlas Sweden); legacy brand continuing under the Nimlas group following the October 2025 rebrand.
• QMG
• Konstel

Products and services

• Electrical installation services
• Plumbing installation services
• HVAC installation services
• Fire safety installation services
• Building automation services
• Other related installation services
• Service and maintenance (2-20-2 programme)

Quantifiable outcome

• SEK 10.1 billion pro forma net sales (2025) and SEK 822m adjusted EBITA at 8.2% margin
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered minor - newsletter platform and core - bond issuance vehicle.

• Mailchimpminor - newsletter platformGTM or Marketing PartnerMailchimp is used as Nimlas's newsletter and marketing platform. Visitors who subscribe to Nimlas newsletters consent to having their information transferred to Mailchimp for processing.
• QuickTop HoldCo AB (now Nimlas AB)core - bond issuance vehicleStrategic or Co-development PartnerQuickTop HoldCo AB (legal name changed to Nimlas AB on 26 November 2025), a wholly owned subsidiary of Nimlas Group AB, is the issuer of the group's EUR-denominated bond. In March 2025, Nimlas successfully issued a EUR 325 million senior secured bond (subsequently increased to EUR 375 million total nominal) to support refinancing, acquisitions and growth.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Instalco: Swedish-listed multi-discipline technical installations roll-up with similar decentralised model and Nordic footprint across electricity, HVAC, plumbing and industrial services — the closest publicly-traded analog to Nimlas's strategy.
• Bravida: Nordic market leader in technical installations and services (electricity, HVAC, plumbing, fire safety) operating across Sweden, Norway, Finland and Denmark — directly comparable service mix and geographies to Nimlas.
• Caverion: Finland-headquartered provider of technical building solutions and services across the Nordics and Central Europe with strong data-centre exposure — directly comparable in services and end-markets to Nimlas.
• Assemblin: Nordic multi-disciplinary technical installation group (electrical, HVAC, plumbing) operating in Sweden, Norway and Finland — directly comparable service portfolio and decentralised country-organisation model.

Broad incumbents

• YIT: Finland-headquartered construction and building services group with significant Nordic residential, commercial and infrastructure exposure; a broader incumbent whose services overlap with Nimlas's installation offering.
• AFRY: Sweden-based engineering, design and consulting group operating across infrastructure, industry and energy in the Nordics; overlapping end-markets with Nimlas but delivering design/consulting rather than installation services.
• Coor Service Management: Nordic facility management and integrated workspace services provider; while not a direct installer, it manages technical building services that overlap with Nimlas's service and maintenance agreements.

Regional players

• Veidekke: Major Norwegian construction and property developer with growing technical services exposure; comparable to Nimlas Norway's footprint but primarily construction-led rather than installation-led.
• AF Gruppen: Norwegian contracting group with civil engineering, building and environmental services; overlaps with Nimlas Norway's project delivery but is primarily a Norwegian construction firm rather than a pure installer.

Emerging players

• GreenMobility / EQOM (Nordic multi-tech installer): Smaller Nordic multi-discipline technical installation roll-up with overlapping end-markets (electricity, HVAC, telecom); illustrative of the same fragmented consolidation opportunity Nimlas is pursuing at a smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nimlas-group-ab

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries18 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A20 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nimlas Group