Grey has advised the owners in connection with the sale of the shares in Tekniska lösningar i Täby AB (TLAB) to Soltech Energy Sweden AB (publ).

TLAB operates in large parts of the country, although the majority of employees are based in Stockholm. For electrical installations, the company is primarily active in contracting and new installations, but also has deep expertise in more advanced solutions such as switchgear. The company’s solar energy customers mainly consist of companies and smaller industrial properties, and renewable energy is a growing business area.

Soltech has a clear growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. The acquisition of the electrical engineering company TLAB further establishes the group in the electrical engineering area and also strengthen Soltech’s geographical presence in the Stockholm area. The acquisition is financed with own cash and with newly issued Soltech shares. The shares in Soltech are listed on Nasdaq First North Growth Market.