IK Partners, a private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK, is to acquire Tecomatic, a Swedish provider of water treatment and erosion control solutions, from PEQ Invest (PEQ).
IK will invest from the IK Small Cap III (IK SC III) Fund’s dedicated pool of Development Capital, alongside the management team who will be reinvesting. Financial terms of the transaction have not been disclosed and the completion of the transaction is subject to regulatory approval.
Founded in 1985 and headquartered in Kalmar, Sweden, Tecomatic is a specialist in protecting critical infrastructure and purifying marine environments, with end-to-end solutions for water treatment and erosion control. The Company’s comprehensive water purification solutions include sediment removal, floating walls and silt screens, which remove pollutants from storm-, process-, leachate- and waste-water before discharging them into waterways.
Tecomatic operates throughout Sweden, mainly serving cities and municipalities as well as recycling, construction and infrastructure companies.
