InstallatørGruppen

What InstallatørGruppen does

InstallatørGruppen is a Denmark-headquartered technical installation group operating 47 decentralized subsidiary companies across Denmark and Switzerland. Founded in early 2023 through 11 initial acquisitions and sponsored by FSN Capital VI, the group offers multi-disciplinary installation services spanning plumbing and heating, electrical systems, ventilation, refrigeration and cooling, and specialist areas including sprinkler systems, building automation (CTS-anlæg), solar panel installations, energy optimization, and fiber and copper cable infrastructure. The group is publicly listed on Nasdaq Copenhagen following an IPO completed on June 11, 2026, at a DKK 15 per-share offer price and an approximate DKK 4.5 billion market capitalization, with FSN Capital VI retaining approximately 46.7% of shares post-listing.

The business model is a roll-up of fragmented local technical installation firms, where each acquired company retains its name, brand, management team, and customer relationships while gaining access to group-level capital, procurement, M&A capability, and ESG/sustainability infrastructure. Revenue is generated through project-based new installations, renovation work, and recurring service and maintenance contracts delivered to residential customers, commercial real estate, industrial facilities, healthcare institutions, and public-sector buildings. Combined 2025 revenue reached DKK 4.2 billion with adjusted EBITA of DKK 410 million (approximately 9.8% margin), up from DKK 1.4 billion reported at founding.

The group targets fragmented European technical installation markets through continued bolt-on M&A, having completed more than 45 acquisitions since establishment, with a third European market entry guided for 2027. Its SBTi-validated climate targets (42% Scope 1&2 reduction by 2030, net-zero by 2050) and a dedicated Spectia ESG data platform position it for green-transition project pipelines. Go-to-market is sales-led via each subsidiary's direct local customer relationships, with no disclosed digital customer acquisition channels and pricing set on individualized B2B project and service contract terms.

Name

InstallatørGruppen

Legal name

InstallatørGruppen A/S

Website

https://xn--installatrgruppen-80b.dk

Company type

Public

Founded year

2023

Operating status

Ipo

Short description

InstallatørGruppen is a Denmark-headquartered group of 47 decentralized technical installation subsidiaries across Denmark and Switzerland, delivering plumbing, heating, ventilation, electrical, refrigeration, and energy-optimization services to residential, commercial, industrial, and public-sector customers via a roll-up acquisition strategy.

Ownership category

akta.pro rank

Product category

Technical Installation Services

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Electrical Systems Maintenance (LV/MV, Switchgear, UPS) (BPABACAC)

akta.pro secondary industries

Plumbing Installation, Service & Repair (IMAIABAB), Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)

Keywords

• Technical installation services
• Plumbing heating services
• Electrical installation services
• Ventilation refrigeration services
• Building automation systems

Headquarters

HQ city

Roskilde

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Technical Installation Services: Revenue generated from providing multi-disciplinary technical installation services including plumbing, heating, ventilation, refrigeration, electrical systems, and specialist areas. Services include new installations, renovation, service and maintenance for residential, commercial, and industrial customers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

InstallatørGruppen is a provider of multi-disciplinary technical installation services operating through 47 independent subsidiary companies in Denmark and Switzerland. The group's services span five competence areas: plumbing and heating (VVS og varme), electrical (El), ventilation, refrigeration/cooling (Køl), and specialized technical areas including sprinkler systems, CTS building automation, solar panel installations, and fiber/copper cable installations. Services are delivered through a decentralized acquisition-driven model in which acquired local companies retain their names, culture, and customer relationships while gaining access to capital, procurement, and group-level expertise.

Product overview

InstallatørGruppen is a leading provider of multi-disciplinary technical installation services operating as a unified group of 47 independent companies across Denmark and Switzerland. The company offers a comprehensive portfolio of services organized around five core areas: VVS and heating (plumbing and heating solutions), electrical installations, ventilation, refrigeration/cooling, and specialized technical areas including sprinkler systems, building automation (CTS), energy optimization, solar panel installations, and fiber/copper infrastructure. The group operates a decentralized model where member companies retain their local identity and daily management while gaining access to capital, expertise, and support from the group headquarters. This includes a digital sustainability platform (Spectia) for ESG reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• VVS og varme (Plumbing and Heating) Plumbing and heating installation services focused on energy efficiency and sustainability, including advanced plumbing systems, heating installations, and solutions that reduce energy consumption and water waste for residential, commercial, and industrial customers.
• El (Electrical Installation) Electrical installation services covering energy optimization, access control, fire alarms, video surveillance, lighting, and solar panel installations for private, commercial, and contractor clients.
• Ventilation Ventilation solutions including consulting, installation, and maintenance services for commercial and industrial buildings, with specialist offerings for laboratories, cleanrooms, and indoor climate control.
• Køl (Refrigeration and Cooling) Cooling solutions for office buildings, industrial facilities, heat pumps, and server rooms, including customized solutions for data centers and process cooling for industrial clients.
• Specialized Technical Areas Specialized technical solutions including CTS (building automation) systems, sprinkler installations, solar panel installations, and fiber and copper cable installations for larger constructions and critical infrastructure.
• Service and Maintenance Contracts Ongoing service and maintenance contracts provided by subsidiaries for installed technical systems across residential, commercial, and industrial customers, supporting recurring revenue and long-term customer relationships.

Quantifiable outcome

• 42% reduction in Scope 1 and 2 emissions by 2030 (base year 2024)
• +3 more outcomes

Named customers4 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

Partnerships

One partnership is on record.

• PwCminorImplementation/ SI/ Consulting Partner · 1 June 2026External third party that receives whistleblower reports on behalf of InstallatørGruppen, providing independent channel for reporting concerns about serious violations or irregularities.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Caverion: Finnish building solutions and MEP services company serving the Nordics and Central Europe with installation, maintenance, and energy-retrofit services; direct competitor for energy-transition projects.
• Bravida: Largest Nordic multi-technical services provider (electrical, heating & plumbing, ventilation, security, sprinklers); a more mature Nordic rollup listed on Nasdaq Stockholm and the most relevant scale benchmark.
• Instalco: Swedish MEP services rollup operating a near-identical decentralized model of acquired local installation companies across Sweden, Norway, Finland, and Germany; the closest model and geographic comparable for InstallatørGruppen.

Broad incumbents

• ENGIE: Global energy and multi-technical services conglomerate with significant HVAC, electrical, and energy-transition service operations in Europe; relevant for energy-transition positioning though not a direct rollup comparable.
• Vinci Energies: Vinci division offering multi-technical services (electrical, HVAC, information systems, facility management) across Europe; broad incumbent competitor in the European MEP and energy-transition services space.
• Equans: Bouygues-owned multi-technical services group providing HVAC, electrical, and facility management across Europe; relevant as a much larger incumbent competing for similar commercial and industrial MEP contracts.
• SPIE SA: Paris-listed European multi-technical services group providing electrical, mechanical, HVAC, and energy services across 30+ countries; broader scope and larger scale than InstallatørGruppen but the most relevant European listed incumbent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries43 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 InstallatørGruppen