What Sparc Group does

Sparc Group is a Swedish entrepreneur-driven installation conglomerate founded on July 1, 2021 by CEO Erik Björklund and headquartered in Gothenburg. Through 93 acquisitions across Sweden and Norway, the group coordinates more than 60 operating subsidiaries organized around four business areas: Electrical (El), HVAC (VVS), Security (Säkerhet), and Infra (energy transition, infrastructure, and networks). Subsidiaries retain their local brands, customer relationships, and operational autonomy while drawing on shared group resources including the Sparc Academy training platform, the Sparcnet intranet, the ELSA employee engagement system, and annual Sparc Days events.

The group's revenue model combines project-based installation services with recurring service and maintenance contracts, delivered through direct B2B field sales to commercial and residential property owners, real estate developers, industrial businesses, and public-sector clients across Sweden and Norway. 2026 guidance projects revenue of SEK 2,591 million and EBITDA of SEK 297 million, supported by an SEK 1,249 million order backlog at January 2026 that grew 11.3% organically year-over-year. Flagship customers include Bitdeer (a 180 MW AI data center project in Tydal, Norway via subsidiary DCI), Sixt (HQ solar installation), CAIA (flagship store fit-out), Rikshem (senior housing ventilation), and Sigtuna Municipality (multi-disciplinary contract).

Sparc Group faces material financial and operational headwinds. Q4 2025 adjusted EBITDA margin was just 2.1% (SEK 14 million), Q3 2025 produced a SEK 90 million net loss, and the company obtained bondholder approval to amend its SEK 1,100 million senior secured bond terms in late 2025. In June 2026 the board initiated a strategic review to maximize shareholder value, paired with plans to divest underperforming subsidiaries, monetize assets, and cut costs, alongside a CFO transition (Philip Carlson from Group Controller) and new leadership in the Electrical business area (Fredrik Jonsén).

Name

Sparc Group

Legal name

Sparc Group AB (publ)

Website

https://sparcgroup.se

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sparc Group is a Swedish entrepreneur-driven installation conglomerate that acquires and coordinates 60+ subsidiaries across electrical, HVAC, security, and infrastructure services for property owners, commercial businesses, and public-sector clients across the Nordics.

Ownership category

akta.pro rank

Headquarters

HQ city

Gothenburg

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Installation Services Revenue: Project-based revenue from electrical, HVAC, security, and infrastructure installation services delivered through subsidiary companies to commercial and residential property owners, businesses, and public sector clients.
2. Service Contracts: Ongoing maintenance and service revenue from installed systems, providing recurring income alongside project-based work.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Sparc Group is an entrepreneur-driven holding company that acquires, develops, and coordinates specialized installation firms to deliver a complete multi-discipline offering across four business areas: Electrical (El), HVAC (VVS), Security (Säkerhet), and Infra. The group serves commercial property owners, real estate developers, businesses, municipalities, and digital infrastructure clients through 60+ subsidiaries that retain their local brands while leveraging shared group resources. Through its DCI subsidiary, the group also delivers AI data center and critical infrastructure installation services in Norway.

Product overview

Sparc Group operates as a multi-business installation company with four core business areas: Electrical (El), HVAC (VVS), Security (Säkerhet), and Infra. The group follows a holding company model, acquiring and coordinating over 60 subsidiary companies that operate under their own local brands while benefiting from shared support functions, training academy (Sparc Academy), and internal engagement platform (ELSA). The four business areas function as distinct service lines covering the full spectrum of installation services, from electrical work and plumbing to security systems and critical infrastructure projects.

Differentiator

Problem solved

Functional benefit

Brands

• Sparc Academy: Internal training and education platform for employees to enhance skills and share knowledge across the organization.
• ELSA
• Sparcnet

Products and services

• Electrical Installation Services (El) Complete electrical installation services ranging from small installations to large-scale contracts, covering electrical systems for commercial, residential, and industrial projects delivered through acquired subsidiaries such as Dataklimat i Sverige AB, Kraftkisarna AB, EL-Finess Entreprenad, Elect Service AB, Elaffären i Vinberg AB, DirectPartner Stockholm AB, and Largo Group AB.
• HVAC Services (VVS) Complete HVAC offering spanning plumbing (VVS), ventilation, and cooling solutions, delivered through acquired subsidiaries such as Proevac Sverige AB, Ventilationsgruppen Service AB, Rörkompaniet i Jönköping AB, AG Rörteknik AB, Bohusbolagen AB, Örebro Rörmontage, Tekno Vent & VS i Stockholm AB, Labkontroll Väst AB, and Evelko AB.
• Security Installation Services (Säkerhet) Security services and solutions covering alarm systems, locks, and access control for residential and commercial properties, delivered through acquired subsidiaries such as Låskompetens AB and Läns Alarm i Göteborg AB.
• Infrastructure Installation Services (Infra) Specialist installation services for energy transition, infrastructure, and network solutions, including critical societal infrastructure and digital infrastructure projects, delivered through acquired subsidiaries such as Svenska DataNätVerket Syd AB, Onsite Networks Stockholm AB, and the Norway-based DCI group (Data Center Installations AS, Critical Equipment AS, Critical Infrastructure Services AS) acquired in 2025.
• AI Data Center Installation Services Large-scale AI data center installation services for hyperscale operators, delivered by the DCI subsidiary group in Norway. Engagements include the 180 MW Bitdeer AI data center project in Tydal, targeting completion in December 2026.
• Commercial Solar Energy Installation Solar PV system design and installation for commercial customers, delivered through subsidiary Nova Solar AB. Example engagement: 372-panel / 160 kW solar system installed on Sixt's new headquarters in Staffanstorp, Skåne.

Quantifiable outcome

• 11.3% organic growth in order backlog (January 2026 vs January 2025)
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and significant.

• Bitdeer Technologies GroupcoreStrategic or Co-development Partner · 1 January 2025Sparc Group subsidiary DCI (Data Center Installations AS) is the primary contractor developing Bitdeer's 180 MW AI data center in Tydal, Norway. This flagship project represents one of Europe's largest AI infrastructure developments, with Sparc Group companies DCI and CIS (Critical Infrastructure Services) delivering the infrastructure work. Completion is targeted for December 2026.
• SixtsignificantStrategic or Co-development PartnerSparc company Nova Solar installed a 372-panel solar system (160 kW) on Sixt's new headquarters in Staffanstorp during an active construction phase. The project required close coordination with other contractors and demonstrates Nova Solar's capability for complex commercial installations.
• RikshemsignificantStrategic or Co-development PartnerEvelko, a Sparc company, is delivering a ventilation project for Rikshem's senior housing facility in Uppsala, representing ongoing collaboration on property development projects.

Scale indicators7 records

Recent moves3 records

Expansion highlights6 records

Broad incumbents

• Skanska: Skanska is a major Swedish-headquartered construction and project development group with significant Nordic and global operations. It is not a pure installation peer but is a frequent general contractor and customer-side counterpart for Sparc's installation services.
• NCC: NCC is one of Sweden's largest construction and real estate development companies. While primarily a contractor/developer, NCC engages installation subcontractors and competes for the same end customers that Sparc services in commercial and residential projects.
• YIT: YIT is a large Finnish construction and infrastructure company with services spanning housing, business premises, and infrastructure projects. It is a broader incumbent that overlaps with Sparc's installation scope as part of a wider construction portfolio.

Regional players

• AF Gruppen: AF Gruppen is a Norwegian contracting and industrial group with civil engineering, building, and property operations. It is a relevant regional peer in Norway where Sparc just entered via the DCI acquisition.
• Veidekke: Veidekke is a major Norwegian construction and civil engineering contractor. It serves as a regional comparable for Sparc's Norwegian ambitions and competes for similar property, infrastructure, and energy-transition project work.

Direct peers

• Instalco: Instalco is a Stockholm-listed installation group providing electrical, HVAC, plumbing, and industrial solutions across the Nordics. Its decentralized multi-brand acquisition model and Swedish/Nordic footprint make it a highly comparable peer to Sparc.
• Assemblin: Assemblin is a leading Nordic installation and service partner for electrical, heating, plumbing, ventilation, and security, operating across Sweden, Norway, and Finland. It is the closest direct peer to Sparc Group's multi-discipline installation model with comparable scale and geography.
• Bravida: Bravida is the largest Nordic installer of technical solutions for buildings and facilities, offering electrical, HVAC, plumbing, and security services. As a listed Nordic peer with broader scale, it competes head-to-head with Sparc for similar project and service contracts.
• Caverion: Caverion is a Northern European expert in smart and sustainable built environments, providing installation, maintenance, and advisory services across buildings, infrastructure, and industrial sites. It overlaps significantly with Sparc's El, VVS, Säkerhet, and Infra service lines.

Emerging players

• GreenByte: Greenbyte (a Greenely company) provides energy data and optimization for properties, relevant as a complementary/adjacent player to Sparc's energy-transition installation services. Included as an emerging adjacent technology enabler rather than a direct installation peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sparcgroupAB
• LinkedInlinkedin.com/company/sparc-group/posts/?feedView=all
• Instagraminstagram.com/sparc_group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries25 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Sparc Group