Evolver exits Inprocon to Vinci Energies
Evolver Fund I has on 28 August 2023 sold all its interests in Inprocon AB, which since
2019 has grown to become one of Sweden’s leading fire protection solutions providers
with Evolver Fund I as majority owner. The new owner is VINCI Energies, part of
the VINCI Group. Inprocon will be integrated into the Fire Protection Solutions
Group, part of the Building Solutions Network of VINCI Energies.
Evolver Fund I has been the majority owner of Inprocon since May 2019. During Evolver’s ownership the company has more than tripled its revenues, conducted several add-on acquisitions and expanded operations to cover all of Sweden. Today, the Inprocon Group, comprising Maxcon AB, A-Sprinkler AB and FireTech Engineering emron AB, has around 160 employees at 13 locations across Sweden and is widely recognized as one of the leading fire protection solutions providers in Sweden. Inprocon generated annual sales of SEK 320m in FY2022.
The new owner is VINCI Energies, part of the VINCI Group – a global leader in concessions and contracting, employing over 272,000 employees in almost 120 countries – creating bespoke multi-technical solutions and services for energy, transport and communication infrastructure, as well as buildings, factories and IT systems. VINCI Energies contributes to the environmental transition by helping bring about major trends in the digital landscape and energy sector. VINCI Energies’ teams roll out technologies and integrate customised multi-technical solutions, from design to implementation, operation and maintenance. Inprocon will be integrated into the Fire Protection Solutions Group, paart of the Building Solutions Network of VINCI Energies.
“Evolver has been a highly-valued partner for us in building Inprocon into what it is today. Their dedication, industry knowledge and hands-on support throughout our journey has been indispensable for me and my team. Now we are ready to take the next step, and I am happy to continue this journey together with VINCI Energies. With their industry expertise and financial strength, I am convinced that they are the perfect partner and new home for us as we head into the future”, says Kenneth Askeblad, Group CEO.
Peter Lindström, Partner at Evolver Equity, comments: “Evolver partnered with Kenneth and his team in 2019. The spark for the partnership was Kenneth’s vision of what a modern fire protection solutions provider should look like. Together we saw the opportunity to leverage Maxcon’s operational excellence as a platform for consolidation, service development and geographic expansion. On behalf of the Evolver team, I would like to thank Inprocon’s management and personnel for their dedication and hard work. It has been a privilege to support them on this journey. We look forward to following the company’s continued success as part of VINCI Energies.”
For more information, please contact:
Peter Lindström, Evolver Equity, +358 457 344 2284
Johan Porko, Evolver Equity, +358 40 549 1518
Evolver is a Finnish private equity investor specialized in Nordic small-cap and lower mid-market buyouts. Evolver’s mission is to help owner-led companies realize their potential in a sustainable way by contributing with know-how, tools and capital. Since 2009 Evolver has completed more than 40 corporate transactions. Typical investment situations are accelerating growth, internationalization, and industry consolidation. Evolver is a registered Alternative Investment Fund Manager under the supervision of the Finnish Financial Supervisory Authority and a member of the Finnish Venture Capital Association. The investors in Evolver Fund I are leading Finnish institutional investors.