The technology consulting group XPartners expands the group with the consulting company Consultive Västerås. The number of employees thus exceeds 1100, and the total annual turnover is expected to reach approximately SEK 1,9 billion. Through the acquisition, XPartners broadens its offer with specialist services in project management, electrical engineering and mechanics.

"We are pleased to welcome Consultive to XPartner's collaboration platform. The strong collaboration opportunities between Consultive and our other companies are an important part of our continued development and fit well into our long-term strategy," says, Sonny Mirborn, CEO at XPartners.

Consultive was founded in 2013 and is a technology consulting company with a broad offering in commercial project management, technical project management, mechanical and electrical construction and production technology. The company is based in Västerås and the workforce mainly consists of mechanical engineers, electrical engineers and project managers.

"Joining XPartners is a step towards long-term cooperation to strengthen the company's position and brand. Through the partnership, we ensure growth, create new opportunities for expansion and can better meet customers' needs. We look forward to combining our strengths and creating an even stronger and more successful organization”, Tobias Bäckström, CEO at Consultive.

Since spring 2021, XPartners has worked to develop a multidisciplinary community building platform where various specialized companies and individuals collaborate for higher exchange in their work with the transition to a more sustainable society. The business model is based on value creation through collaboration and entrepreneurship, where each company within the group continues to conduct its business under its existing brand, but benefits from the advantages that group membership provides.

"Consultive adds valuable specialist expertise in areas such as technical project management and production technology, which significantly strengthens the group's overall offering. Through the acquisition, we together create new opportunities for continued expansion, with a clear focus on our employees and customers." says Sonny Mirborn.

For information please contact:

• Sonny Mirborn, CEO XPartners, tel. +46 706395092
• Tobias Bäckström, CEO Consultive, tel. +46 706083068

About Consultive AB

Consultive was founded in 2013 and is a technology consulting company with expertise in project management, mechanics and electrical engineering. The company is based in Västerås and the workforce consists of mechanical engineers, electrical engineers and project managers. The company's customers are active in industries such as nuclear power, hydropower, facility construction, the automotive industry, the manufacturing sector and research and development.

About XPartners

XPartners Samhällsbyggnad was founded in the spring of 2021, and includes 28 companies including
presence throughout the Nordics. The group today generates approximately SEK 1,9 billion in turnover and has approximately 1100 employees. IN April In 2023, the investment fund Axcel joined XPartners as a new capital-strong main owner to support the group's growth journey, among other things by adding additional technology consulting companies to XPartners. In addition to Axcel, XPartners is primarily owned by former shareholders of the respective companies that make up XPartners.

www.xpartners.se

About Axcel

Founded in 1994, Axcel is a Nordic private equity company that focuses on medium-sized companies in four sectors: technology, industry and services, healthcare and consumer. Axcel has a broad base of both Nordic and international investors and has raised six funds with total capital commitments of 4 billion euros. These funds have made 73 platform investments, more than 300 add-on acquisitions and 53 divestitures. Axcel currently owns 19 companies.
For more information, visit www.axcel.dk