The corporate group Novedo has acquired Sentexa AB. Sentexa AB is Novedo’s fifteenth acquisition since the start in 2021, the fourth acquisition in 2022 and another step towards the IPO, which is planned to take place in the first half of 2023.
– It feels very good to join a large and well-run group of companies and I expect that it will give us better opportunities to grow while we can continue to work in the way we believe in. We have gained a lot of trust in the management of Novedo and to also become a partner and participate in a stock market listing is something I am really looking forward to, says Rickard Ericson, CEO of Sentexa.
Sentexa’s operations, with a focus on the ROT sector, offer everything from smaller installations and service to complete projects from the design stage to final assembly, all with its own installers and project managers. In recent years, the company has secured several framework agreements and contracts with larger municipalities.
– Sentexa is a well-managed company with a clear niche position in a growing market. At Sentexa, over a long period of time, they have succeeded in creating and nurturing a good culture with experienced and knowledgeable staff. I look forward with great confidence to Sentexa’s continued development under the leadership of Rickard Ericson, who will also become a partner in Novedo, says Per-Johan Dahlgren, CEO of Novedo.
Novedo is a privately owned company group that since 2021 acquires and develops companies where the entrepreneur both wants to sell his company and run it further. The group’s 15 companies with approximately 860 employees have a turnover of approximately SEK 1.5 billion with an EBITDA of SEK 192 million pro forma. The company plans for an IPO in the first half of 2023.
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About Nygren Norden Advisory
Nygren Nordén Advisory is an M&A advisor with a focus on long-term value creation in company mergers, spin-offs, company acquisitions and changes of ownership of companies. We drive and lead the transaction from start to finish and work according to a structured process in an efficient manner. Nygren Nordén Advisory has very good contact networks in Sweden and internationally.
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