Theta engineering AB joins XPartners
The technology consulting group XPartners Samhällsbyggnad AB (“XPartners”) is expanding the group with a new company Theta engineering AB (“Theta”) on May 7, 2024, and with this expansion will have approximately 580 employees. With this deal, the XPartners group is strengthened both in terms of competence and resources, and the range of services in rock and construction is broadened. The group will have a turnover of approx. SEK 920m and all companies work actively with sustainability, which further strengthens XPartners as a group in the area.
Since spring 2021, the XPartners group has worked to create a nationwide multidisciplinary community building platform where different companies, skills, people and cultures collaborate for higher exchange in their work with the transition to a more sustainable society. The business model is based on value creation through collaboration and entrepreneurship, where each company preserves its own identity, but benefits from the advantages that group affiliation provides. The owners of the companies that join become part-owners of XPartners together with the largest owner, which is the Nordic private equity company Axcel, and they continue the ongoing operational work of their own company under their own brand. Through our domain knowledge, digital understanding and commitment to sustainability, we will help make Sweden a leading country in the environment, social construction and infrastructure.
Olle Bertfelt, XPartners CEO, says: “It is with pleasure that we welcome Theta to the XPartners family. I feel proud of the collaboration platform we built in a short time, and all the talented entrepreneurs who have since joined us. It has been especially fun to see the interaction between the companies spontaneously develop and lead to more and better deals. With this new company in the group, we continue our growth journey, which is completely in line with the XPartners group’s long-term strategy to become a significant consulting player with a strong focus on sustainability. Together, we can accelerate and develop what both customers, industry and society need, and also contribute to long-term development for our employees.”
Linus Levinson, CEO Theta, tells, “This merger is completely in line with our long-term strategy to connect important partners to us. We see a great advantage to be part of XPartner and its network, it both strengthens us and also enables a bright future as our expertise can be used in the best way in the market. Theta will now become an actor that, both on its own, and together with our partners, will be able to satisfy the market with both niche and specialized competence.”
For information please contact:
- Olle Bertfelt, CEO XPartners, tel. +46 70 645 50 50
- Linus Levinson, CEO Theta, tel. +46 70 632 07 47
About Theta
Theta Engineering AB was founded in 2015, and is a consulting company that complements the market with unique experience of being able to deliver projects under budget and ahead of schedule during the construction phase. Theta offers key personnel with unique expertise in the areas of project management, mining and construction, project management with planning, calculation and cost control, as well as technology. Theta participates in several of the largest infrastructure projects and is specialized in rock and construction, both during the preparation of documents and plans, but above all during implementation. The company has broad competence regarding all project management activities in order to deliver a project together with the customer that complies with the contract, finance, schedule and quality.
About XPartners
XPartners Samhällsbyggnad was founded in the spring of 2021, and previously included 16 companies
presence in large parts of Sweden. The group today generates approximately SEK 920 million in turnover and has approximately 580 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.
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 3 billion euros. These funds have made 70 platform investments, more than 300 add-on acquisitions and 49 divestitures. Axcel currently owns 21 companies and is in the process of raising its seventh fund.
For more information, visit www.axcel.dk
