Instalco acquires majority stake in German firm Fabri-Gruppe
Swedish roll-up Instalco has secured a majority stake in Fabri-Gruppe to expand into the German market. The acquisition values the German firm at nearly €1 billion, reflecting Instalco's strategy to diversify beyond the Nordics.
Instalco, a Swedish roll-up of over 175 trades businesses with 7,000 employees, has secured a majority stake in the Fabri-Gruppe from Nuremberg. Instalco generated over €1 billion in revenue in 2025, a 50% increase since 2021, with 70% coming from Sweden. The company's stock fell 60% from its 2021 high due to high interest rates and construction delays but has recovered 60% year-to-date since founder Per Sjöstrand returned as CEO in summer 2025. Q3 revenue grew nearly 10% organically, and the order backlog is up 30% year-over-year.
The German market is five times larger than the Nordic markets combined. Fabri-Gruppe has nearly €90 million in revenue and a 13% operating margin, valued at nearly €1 billion, or 17 times operating profit. Instalco carries €500 million in debt against a €1 billion market cap. The acquisition is presented as a logical step for growth, noting that while the model has potential, the company remains sensitive to construction climate and debt levels.