flex7 Limited is pleased to announce that we have been acquired by Karnell Group AB (publ), becoming the twentieth company to join Karnell’s expanding international portfolio.

The acquisition marks an important milestone for flex7 and supports our continued growth while ensuring continuity for customers, partners, and suppliers. Karnell’s decentralised ownership model allows flex7 to continue operating independently while benefiting from the support and long-term perspective of a listed industrial group.

Karnell focuses on acquiring and developing small and medium-sized niche product companies, providing long-term stewardship and strategic support. With an indefinite ownership horizon and a strong emphasis on entrepreneurial leadership, Karnell offers an ideal platform for flex7’s next phase of development.

“We’re excited to begin this new chapter as part of the Karnell Group,” said Paul Bellamy, Managing Director of flex7 Limited. “Karnell’s approach to partnership and long-term value creation makes them a natural fit for our business, our team, and our customers.”

“flex7 is a high-quality niche business with a strong market position, a recognised brand and a loyal installer base. The company fits well with our Product Companies business area and benefits from structural demand driven by energy-efficient and smart buildings. We look forward to supporting flex7 in its continued development,” says Petter Moldenius, CEO of Karnell.

Situated in Stokholm, the Karnell Group consists of businesses across Sweden, Finland, the United Kingdom, and Italy, and is listed on Nasdaq Stockholm.

For further information visit: www.karnell.se