Tecomatic acquired by IK Partners

The investment fund IK Partners, via its IK Small Cap III vehicle, signed an agreement to acquire Tecomatic from PEQ Invest. The purchase will be funded from the fund’s dedicated pool of development capital, and the existing management team will reinvest a portion of its equity alongside the new shareholder. Tecomatic, founded in 1985 and headquartered in Kalmar, Sweden, specialises in end‑to‑end water‑treatment and erosion‑control solutions for critical infrastructure. Its portfolio comprises sediment‑removal systems, floating walls and silt screens that treat storm‑, process‑, leachate‑ and waste‑water, as well as concrete mattresses and rock‑bag systems that protect bridges, wind turbines, underwater cables and other assets from hazardous sediment. In FY23 the target reported revenues of SEK 100–200M and an EBITDA of SEK 10–30M. The acquisition follows Tecomatic’s 2022 merger with Järven Ecotech, after which the combined entity broadened its product offering and established a recurring customer base among Swedish municipalities, recycling firms and construction companies. IK Partners intends to leverage its long‑standing expertise in industrial private equity to reinforce Tecomatic’s market position throughout the Nordics, to accelerate organic growth, and to execute selective bolt‑on acquisitions that expand the geographic reach and deepen the technology stack. The firm also plans to provide strategic guidance, access to a broader distribution network and additional capital for research and development. Completion of the transaction is subject to customary regulatory approvals. MCF Corporate Finance acted as financial advisor to PEQ Invest.