PRESS RELEASE – 2025-10-23

SI and Normatic acquire Norwegian BS Teknikk AS

The SI Group continues its expansion in Norway through SI Normatic's acquisition of BS Teknikk AS. The acquisition strengthens the SI Group's position as a reliable and valued player in energy optimization and building automation.

This is a strategic step in SI Group's long-term plan to grow in the Nordic market and offer customers an even broader range of services. By integrating BS Teknikk AS's expertise and experience, we increase our ability to deliver sustainable and energy-efficient solutions that meet the growing demands for automation and optimization.

– BS Teknikk AS is an attractive acquisition that strengthens our presence in Norway and especially in Oslo. The company has a well-established market position and a large installed base of end customers. In addition, their business model complements our operations in an excellent way, says Mikael Norlander, CEO of SI, and continues:

– BS Teknikk AS stands for quality, innovation, long-termism and sustainability – values that are fully in line with those of the SI Group. Together we create even better conditions to support both existing and new customers in Norway, Sweden and Finland.

Camilla Børsand, CEO of BS Teknikk, expresses her enthusiasm:

– BS Teknikk has built a strong reputation in the market. Our values align well with SI's and we look forward to developing in a larger context. For me as CEO, this means an opportunity to take both my own and the company's development to the next level.

BS Teknikk AS – a platform that opens up new opportunities in Oslo

The acquisition of BS Teknikk AS means that customers in Oslo and the rest of Norway will have access to a broader and more complete service offering within energy optimization and automation. By combining BS Teknikk's local expertise with the SI Group's and Normatic's resources, we create:

• An expanded service offering that gives customers more solutions and greater flexibility.
• Proximity and local presence through a strong hub in Oslo, making it easier to meet customer needs quickly and efficiently.
• Technical synergies that provide innovative and sustainable solutions with high quality.

– Together with BS Teknikk AS, we will have even better conditions to create long-term value for our local customers in Norway, concludes Mikael Norlander.

Briefly about the SI Group
SI, which stands for Sustainable Intelligence, is a leading group within energy optimization and property automation. The SI Group has over 425 employees spread across 29 offices in Sweden, Norway and Finland. The company was founded in 1998 in Varberg and has a turnover of approximately SEK 900 million.

For more information: www.wearesi.se

Briefly about BS Teknikk AS
BS Teknikk AS is a well-established supplier of building automation based in Oslo. Since its inception in 1986, the company has helped customers create energy-efficient and sustainable solutions through smart control of heating and ventilation systems. With almost 40 years of experience and over 11,000 installed systems, BS Teknikk is a reliable partner for both small and large projects.

The company offers everything from simple automation solutions to advanced web-based platforms and has a dedicated team of seven full-time employees serving customers across Norway. References include schools, hotels and commercial properties.

For more information: bsteknikk.no