Livingstone has advised Maxmoduler on its majority sale to Polskenet. Maxmoduler is a leading module manufacturing firm in Sweden. The Company sought to find a new majority owner to help accelerate growth and expand within the Nordic region.
Founded in 2007, Maxmoduler designs, manufactures, and retails fully customizable high-quality modules. The Company’s customers operate primarily within construction, offices, housing, and education. Maxmoduler is based in Lycksele in Norrland and recorded a revenue of c. SEK 180M (USD 20M) in 2020.
Polskenet was founded in 2017; it is an investment company with a strong connection to the Norrland region and its commerce. The company invests in small and medium-sized companies in the Norrland region with a revenue of SEK 25- 250M (USD 2 – 28M) and operates from Sundsvall and Stockholm.
“Livingstone’s team led a structured and professional process which resulted in a successful transaction. Polskenet will accelerate Maxmoduler to the next level as well as contribute to the Company’s Northern heritage – something that was vital to us when choosing a partner,” says Christer Hedlund, CEO and co-owner of Maxmoduler.
“The demand for more flexible building solutions, both residential and commercial spaces, is increasing. With Polskenet as a new majority owner, Maxmoduler can capitalize on the trend and expand further, both geographically and within new business areas. At the same time, the Company retains its northern soul,” says Henrik Widlund, Partner at Livingstone.