Private equity firm Altor has signed an agreement to acquire a majority stake in Eltera Gruppen from Valedo, marking a significant move in the Nordic electrical services sector. Eltera, founded in 2013, has grown into Norway's leading provider of electrical installation services, specializing in service and maintenance for non-residential markets.

With over 1,000 employees across more than 30 operating entities, Eltera maintains full national coverage in Norway. The company's management team will reinvest alongside Altor, signaling confidence in the business's growth trajectory. This investment builds on Altor's existing portfolio of Nordic service companies.

The deal comes as Altor identifies strong momentum across the Nordics, with new opportunities emerging in the electrical services sector. Petter Samlin, partner and head of business services at Altor, noted the firm's strategic focus on the region's service industry consolidation.