The technology consulting group XPartners expands the group with the consulting company Qreo. The number of employees thus exceeds 1100, and the total annual turnover is expected to reach approximately SEK 2 billion. Through the acquisition, XPartners broadens its offer with specialist services in plumbing and energy.

"We welcome Qreo to XPartner's collaboration platform, and with Qreo we strengthen both our offer and geographic coverage." says, Sonny Mirborn, CEO at XPartners.

Qreo specializes in plumbing and energy efficiency and operates in Stockholm, Malmö and Ängelholm. They offer services in planning, project management, digitization, energy, and calculation. In the assignments, Qreo works with, among other things, energy calculations, production preparation, coordination of installations and investigations of health protection, air quality and optimization of operating conditions.

"Through the merger with XPartners, we strengthen our market position and create new opportunities for growth, innovation and sustainable solutions. We look forward to combining our strengths and creating an even stronger and more successful organization," says Björn Broberg, CEO Qreo.

Since spring 2021, XPartners has worked to create a multidisciplinary platform for community building, where specialized companies and individuals collaborate to streamline work towards a more sustainable society. The business model is based on creating value through cooperation and entrepreneurship, where each company within the group retains its own brand but at the same time benefits from the advantages that group affiliation offers.

"Qreo adds valuable specialist expertise in growth areas such as energy efficiency and plumbing, which significantly strengthens the group's overall offering and our platform. Through the acquisition, we together create new opportunities for continued growth, with a clear focus on our employees and customers." says Sonny Mirborn.

For information please contact:

• Sonny Mirborn CEO at Xpartners
• Björn Broberg, CEO at Qreo, tel. +46 70 147 47 49

About Qreo AB

Qreo is a consulting company specialized in plumbing and energy efficiency and offers services in planning, project management, digitization, energy, technology and calculation. The tasks include, among other things, energy calculations, production preparation, coordination of installations, investigations of health protection and air quality as well as optimization of operating conditions. Qreo operates in Malmö, Ängelholm and Stockholm.

About XPartners

XPartners Samhällsbyggnad was founded in the spring of 2021, and includes 30 companies with a presence throughout the Nordics. The group today generates approximately SEK 2 billion in turnover and has approximately 1100 employees. In April 2023, the investment fund Axcel joined XPartners as a new capital-strong main owner to support the group's growth journey, including 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 SEK 45 billion. These funds have made 73 platform investments, more than 400 add-on acquisitions and 53 divestitures. Axcel currently owns 19 companies.
For more information, visit www.axcel.dk