The technical consulting group XPartners Samhällsbyggnad AB ("XPartners") is expanding the group with a new company Teknikkonsulterna i Sundsvall AB ("Tekab") on June 18, 2024, and with this expansion there will be approximately 615 employees in Sweden. With this deal, the XPartners group is strengthened both geographically and in terms of resources, and in electrical engineering. The group has a turnover of approximately SEK 1,3 billion with over 800 employees in Sweden and Finland, and all companies work actively with sustainability, which further strengthens XPartners as a group in the area.

Olle Bertfelt, XPartners CEO, says: "We are very pleased to welcome Tekab to the XPartners family. I feel great pride in the collaboration platform we have quickly built, and in all the talented entrepreneurs who have joined us. It has been particularly fun to see how the interaction between the companies has developed spontaneously and led to more and better business. XPartners is now growing with the acquisition of Tekab, a competent electrical engineering company based in northern Sweden, which is completely in line with our long-term strategy to become a significant consultant in the entire country. Together, we can accelerate and develop solutions that both customers, industry and society need, while at the same time contributing to long-term development for our employees"

Daniel Östling, CEO Tekab, tells; "This merger is a step towards a long-term collaboration to strengthen the company's position on the market and also create new opportunities for growth and expansion. It is with great joy and enthusiasm that we look forward to integrating our strengths and working together towards common goals. By becoming part of the XPartners group, we not only strengthen our market position but also our commitment to deliver quality, innovation and sustainable growth. We will continue to focus on our core values ​​of delivering the right product at an attractive cost profile and on time. We look forward to exploring new opportunities together with our employees and partners and creating an even stronger and more successful organization.

For information please contact:

• Olle Bertfelt, CEO XPartners, tel. +46 70 645 50 50
• Daniel Östling, CEO Tekab, tel. +46 70 696 53 41

About the Technical Consultants in Sundsvall AB

Teknikkonsulterna i Sundsvall AB was founded in 2011, and is a consulting company that specializes mainly in project planning within electricity, telecommunications and control systems for properties. Tekab mainly focuses on planning in the areas of power, lighting, telecom/data and security, and also offers services such as production calculations, energy measurement, inspections and calculations. The company's customers are mainly entrepreneurs, property owners and municipalities.

www.tekab.nu

About XPartners

XPartners Samhällsbyggnad was founded in the spring of 2021, and previously included 19 companies
presence in Sweden and Finland. The group today generates approximately SEK 1,3 billion in turnover and has approximately 800 employees. In April 2023, the investment fund Axcel joined XPartners as a new capital-strong main owner to support XPartners to drive growth, 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 4 billion euros. These funds have made 71 platform investments, more than 300 add-on acquisitions and 50 divestitures. Axcel currently owns 21 companies.
For more information, visit www.axcel.dk