Triarca and Stitec Form a leading Nordic Group

Triarca and Stitec Form a leading Nordic Group in Low Voltage,
eMobility, and FTTH

22 August 2024

• The holding company of Triarca, AE2017 Bidco ApS, has acquired Stitec AB from the
Stigefelt family
• Stitec is a high-quality provider of low voltage solutions for the power, communication,
and real estate sectors in Sweden.
• The Stigefelt family has re-invested a substantial part of the sales proceeds in AE2017
Bidco ApS and will continue in their respective positions in Stitec

Triarca A/S partnered with Accent Equity in 2021 with a view to accelerate its international
expansion. With the addition of Stitec to the group a significant step is taken to strengthen the
presence in Sweden and broaden its influence across the Nordic region.

Stitec is a well-established high-quality supplier of solutions in Sweden for the low-voltage grid.
With its headquarters and production facility in Anderstorp, Stitec develops, manufactures and
delivers a diverse range of low voltage solutions for cable switchboard cabinets, power
measuring, EV charging, street light controls and fiber roll-out cabinets.

Together, the combined group will strengthen its ability to deliver top-tier solutions across the
low-voltage grid, eMobility sector and FTTH. The expected synergies are substantial including
expanded customer offerings, enhanced technical expertise and operational scale to better
serve markets across Scandinavia and Northern Europe. Sales will be conducted under both the
Triarca and Stitec brands, capitalizing on the strengths of each to better serve the region.
Harald Stigefelt, the CEO and founder of Stitec, expresses his vision for the future cooperation:
“Finding a long-term cooperation partner like Triarca ensures growth and continued focus on
developing high-quality solutions for the Swedish market. Stitec is ready for the next phase of
growth, and our collaboration with Triarca A/S will facilitate that.

Lars Prisak, CEO of Triarca looks forward to the partnership: “We are excited to welcome Stitec
to the group. With their strong market knowledge and commitment to delivering high-quality
products, we are confident that Stitec and Triarca together will achieve great success.”
Harald Stigefelt will continue as CEO in Stitec, partnering closely with Lars Prisak, CEO of Triarca,
to drive collaboration within the group and deliver enhanced value to their customers.

The transaction closed on 6 August 2024.

For additional information, please contact:
Lars Prisak, CEO of Triarca A/S, +45 40173833,
lapri@triarca.dk 
 
Harald Stigefelt, CEO of Stitec AB, +46 70-585 50 46,
harald@stitec.se 

Benny Zakrisson, Chairman of AE2017 Bidco ApS and Partner of Accent Equity AB, +46 76-009
97 75,
benny.zakrisson@accentequity.se