Current Holding

·

Acquired 2019

ジャーンブロ

A leading Nordic provider of industrial and infrastructure services, supporting mission-critical operations through maintenance and engineering expertise.

STATUS

Current holding

Sub-sector

Strategic infrastructure and lifecycle services

HQ

Sweden

Fund

ファンドII

Overview

Jernbro is a leading Nordic industrial and infrastructure services platform, providing recurring maintenance, engineering, mechanical and electrical services and project delivery to blue-chip customers.

With a strategic footprint across Sweden, Norway and Denmark, Jernbro supports critical operations across manufacturing, energy, water, transport infrastructure, pharmaceuticals, steel, automotive and mining.

The business benefits from resilient, relationship-led demand, with a large share of activity underpinned by framework maintenance and recurring operational work, and is well positioned in a fragmented Scandinavian industrial-services market.

Approx. Revenue

SEK 2,400m

Employees

~1,150

Countries

3

Bolt-on acquisitions

7

Why we invested

01

Growing demand for outsourced industrial maintenance.

02

Low cyclicality — maintenance work is base-load and non-discretionary.

03

Highly fragmented industrial-services universe, set for consolidation.

04

Green transition driving growth in Northern Sweden operations.

Buy-and-build

Acquisitions completed under Bluewater ownership, consolidating Jernbro into a leading Nordic industrial-services platform.

2019

Veolia Industrial Maintenance

2020

SMTE

2021

Saltec

2021

Svenska

2022

GISAB

2024

Veltec

2025

Nordmec