Stockholm, May 11, 2017 — Nasdaq (Nasdaq: NDAQ) announced that Instalco Intressenter AB (short name: INSTAL), a mid cap company within the industrial sector, has started trading of its shares on the main market of Nasdaq Stockholm. Instalco Intressenter (“Instalco”) is the 37th company to list at Nasdaq’s Nordic markets* in 2017.
Instalco is an installation and service supplier within the disciplines heating and plumbing, electrical, ventilation, cooling and industrial. Its current portfolio includes approximately 30 local companies, and the business is conducted in each unit in close relations with the customer and with the support of a small central organization. Instalco is a Nordic group with representation in most parts of Sweden, in Drammen, Oslo and Tønsberg in Norway and in the Helsinki region in Finland. For more information, please visit www.instalco.se.
“We are very proud of the significant interest that investors have shown in Instalco,” said Per Sjöstrand, CEO of Instalco. “The strong demand from the cornerstone investors, other institutional investors and the general public in Sweden is a confirmation of our great potential for both organic and acquisition-driven growth and improved profitability in the coming years. We welcome our new shareholders and look forward to continue to develop Instalco in a public environment.”
“We welcome Instalco to the Nasdaq Stockholm main market,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “Nasdaq Stockholm has a long history as home to many industrial sector companies, and Instalco will make an exciting addition to that list.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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