October 14, 2025
Translink Corporate Finance acted as the advisor to Sertion, a portfolio company of Consolid Equity, in the acquisition of Scandinavian Energy Systems AS
Translink Corporate Finance™ in Sweden acted as the financial and strategic advisor to Sertion, a portfolio company of Consolid Equity, in the acquisition of Scandinavian Energy Systems AS, a leading Norwegian industrial group.
Sertion strengthens its position to become a leading international infra and installation partner
Sertion strengthens its position to become a leading international infra and installation partner as Scandinavian Energy Systems AS (SES) joins the group in Norway. This marks the creation of a strong platform for the establishment of the business area Sertion Industry in Norway, offering unique expertise in industrial piping, energy systems, district heating, steam and thermal solutions, service, and rental.
Scandinavian Energy Systems AS brings strong expertise and a substantial customer base to sertion
SES is a leading Norwegian industrial group and consists of several well-established companies: Skåland Rør & Industrimontasje, Energy Rent, Selebø Rørservice, Boilertech, BoilerRent, Inpro AS, and Energiservice Øst AS. With strong specialist expertise and a substantial customer base in the energy, process, and industrial sectors, SES contributes competence, capacity, and geographical strength to Sertion. By joining the group, SES adds seven companies to Sertion and a combined turnover of approximately 300 million SEK.
Comments from Sertion
Andreas Bogren, Group CEO at Sertion, says, “SES joining Sertion is a strategic key step for Sertion Industry. We are now building a strong platform in Norway and adding a unique combination of specialist companies and competencies to our already established operations within heating and sanitation. This strengthens our offering across the Nordics and makes us an even more complete partner for our customers”.
Comments from Scandinavian Energy Systems AS
Trond Arne Pedersen, CEO at Scandinavian Energy Systems A, says, “Becoming part of Sertion is a great opportunity to continue our growth and development. We gain access to resources, networks, and structures that enable us to scale our business while preserving our strong culture and specialist expertise”.
Comments from Translink
Fredrik Ullberg, Partner at Translink Corporate Finance, says, “The acquisition of SES constitutes an important milestone for Sertion’s Norwegian operations. We are pleased to have once again advised Sertion and Consolid Equity. This transaction marks the second Sertion buy-side deal executed together with Translink Norway in recent months, underscoring the strong collaboration within Translink.”
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Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Translink Corporate Finance in Sweden is a M&A advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
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Synergos Corporate Finance is an exclusive partner in Norway for Translink Corporate Finance. Synergos Corporate Finance provides advisory services for Corporate Finance transactions (M&A, debt, fundraising, strategic consulting). The advisors have broad experience from investment banking, strategy consulting and corporate leadership roles. Our multidisciplinary experience combined with Translink’s international group makes Synergos a strong M&A advisor for cross-border transactions. Visit Translink Corporate Finance Norway
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