Toofab AB joins the social construction platform XPartners
Stockholm-based Toofab AB has on May 31 joined the technology consulting group XPartners Samhällsbyggnad AB. Toofab becomes the sixth company to join the group, and with the deal, the XPartners group is further strengthened in terms of competence and resources and grows to roughly 230 employees and almost SEK 340 million in turnover, and is now established in twelve locations in Sweden. The owners of Toofab become partners in XPartners and continue the operational work in their own company under their own brand. The capital investment company Evolver Equity is behind the XPartners group
The deal closely follows the investments in Bsv arkitekter & ingenierer, Hedström & Taube, KMP, Contekton and Fidell, and constitutes another important step in Xpartner’s ambition to create a nationwide multidisciplinary community building operator with a focus on sustainability and diversity in the built environment. XPartners will continue to expand geographically and disciplinaryly, both organically and through additional acquisitions, and the business model is based on value creation through collaboration and intrapreneurship, where each company maintains its own identity but benefits from the advantages that group membership provides.
Olle Bertfelt, XPartners CEO, is happy about the deal: “Toofab is a very well-structured company with clear leadership, and where they have developed a work process that delivers with high quality, and which will become an additional strong partner within the Xpartners group. We continue our expansion and strengthen and broaden the group’s knowledge and expertise through our collaboration. Together, we develop and deliver what both the customers and the industry need, and contribute to the sustainable development of our employees, companies and the entire society.”
Magnus de Verdier, CEO of Toofab, sees great prospects for exchange and business opportunities with XPartner’s investment: “Becoming part of this context means that we can partly share our approach to creating a sustainable industry, and partly continue to develop and strengthen the Toofab brand at a completely different pace than we have been able to before. Today, we stand firmly on a platform with fantastically competent employees, and the company breathes forward thinking and development more than ever. Today we have assignments from Skellefteå in the north to Lund in the south, and becoming part of XPartner means that we can staff our assignments with key competence from the group’s other companies, which feels extremely satisfying. In addition, during the past four years we have worked actively to develop the company’s business management system and ISO-certified ourselves, which I see as a significant contribution to XPartner, when it comes to the group’s requirements according to the ESG criteria, for example.”
“Evolver think it is important to invest in a sustainable built environment. The market for technology consulting services is facing a large demand driven by urbanization, digitalization and the transition to sustainability. We look forward to continuing to develop XPartners geographically and disciplinaryly together with the management and are convinced that the company will play a prominent role in the sustainability transition. We are inspired and proud to be part of and contribute to that development”, says Peter Lindstrom, XPartners chairman of the board and Partner at Evolver.
For further information please contact:
• Olle Bertfelt, CEO, [XPartners], tel. +46 70 645 50 50
• Peter Lindström, Partner Evolver Equity, tel. +358 457 344 22 84
• Magnus de Verdier, CEO Toofab, tel. +46 773 381 42 08
About Toofab
Toofab’s vision is to be the obvious partner for Sweden’s property owners.
Toofab assists private and public utility clients with competence and experience to plan, implement and realize projects from idea to finished product. The services are linked to public environments, residential and commercial properties.
The project portfolio includes assignments from the pre-study stage to planning, calculation, procurement, implementation, financial follow-up, handover and follow-up of real estate development projects. Our roles in these consist of, for example, agent, project developer, project, planning and construction manager as well as installation coordination, “due diligence” tasks, control responsibility (PBL), construction environment coordination and more.
The company’s quality and environmental management system is certified according to ISO 9001:2015 and ISO 14001:2015, which is a key factor for the company’s success.
www.toofab.se
About Xpartners
XPartners Samhällsbyggnad was founded in the spring of 2021, and is a multidisciplinary collaboration platform for sustainable building and is based on the basic philosophy of “the big little company”, where value creation takes place through collaboration between autonomous companies. Behind XPartners is the capital investment company Evolver Equity.
www.xpartners.se
About Evolver Equity
Evolver Equity is an investment company specialized in buyout investments in small and medium-sized Nordic companies. Evolver helps owner-managed companies realize their potential by providing knowledge, tools and capital for expansion and sustainable value creation. Since 2009, Evolver has completed around 30 corporate transactions. Evolver is a manager of alternative investment funds registered with the Financial Supervisory Authority of Finland and a member of the Finnish Venture Capital Association.
www.evolverequity.com
