Sentia acquires profitable R&M player in Stockholm

Sentia has signed a letter of intent(LOI) to purchase 70% of the shares in Thule Fastighetsutveckling AB.

Thule Fastighetsutveckling is a R&M player in the central Stockholm area. The company carries out their projects as collaborative projects and mainly according to a cost+ model. Thule Fastighetsutveckling had a turnover of MSEK 287.5 and an operating profit of MSEK 15.9 in 2025, corresponding to an operating margin of 5.5%.

The agreed enterprise value (EV) for the company is MSEK 65 on 100% basis. The agreement is conditional on completed due diligence, approval by competition authorities and an approved Share Purchase Agreement (SPA). The transaction is expected to be completed by the end of Q3 2026. The remaining 30% of the shares in the company will continue to be owned by management and key personnel in the company.

-Thule Fastighetsutveckling has delivered good results over time. The company fits well into Sentia's growth strategy with a focus on collaborative projects and profitable growth, says Jan Jahren, CEO in Sentia.

Thule Fastighetsutveckling will operationally be a part of Sentia Sweden.

-The company will be a good match for Sentia Sweden and will contribute with complementary R&M expertise in the Stockholm region, says Christian Wieland, Deputy CEO in Senita and EVP Sentia Sweden.

-With Sentia as an ownership partner, we as a company will be able to offer even greater customer value and development for our employees, says Gabriel Hägglund, CEO of Thule Fastighetsutveckling.

For more information, contact:

Sverre Hærem EVP & CFO Sentia ASA +47 952 45 167 | sh@sentiagruppen.com

Iven Opsahl Jebsen EVP & CCO Sentia ASA +47 901 54 838 | ij@sentiagruppen.com