Aspira invests in Xelion Power – a new player in power distribution and control

We are proud to introduce Xelion Power, a new group in specialised low-voltage electrical infrastructure and backup power distribution. Xelion Power brings together specialists that design, manufacture and assemble customised power and control systems for customers who cannot afford to lose power. The end markets served include infrastructure, power generation, healthcare, defence, industrial applications and marine.
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• The group was formed in July 2026 through the investment in Elektromontage, a leading Swedish electrical engineering specialist founded in 1967. Elektromontage delivers products in three business areas: power generation, shipping and industrial machinery. They design and manufacture critical infrastructure equipment such as customised control cabinets, motor control centres, starting equipment, terminal boxes and control rooms. The company has revenues of approximately SEK 260 million, having grown at a CAGR of 15% during the last three years.
• Since its establishment, Skistad Elektroautomasjon, a Norwegian automation and electrical engineering company, has also joined the group. Established in 1996, the company serves complex industrial sectors, with a prominent global niche in delivering specialised systems for the healthcare and radiopharmaceutical industries.
• In September, Xelion Power signed its third company, TamControl in Finland, which takes the group into its third Nordic market.

The low-voltage power distribution and control market is growing strongly. The main drivers are the electrification of industry and transport, the energy transition, and the growing automation and digitalisation of industrial processes. On top of this, a strained grid and a stronger focus on preparedness are increasing the need for reliable backup power. These factors drive demand for customised systems that distribute, control and protect power in energy, defence, infrastructure, marine and industry. Xelion Power works in the most technically demanding part of this value chain, where engineering expertise and closeness to the customer make the difference. The market is fragmented, with many privately owned specialists. Xelion Power is built to give these companies a strong long-term home, combining local entrepreneurship and close customer relationships with the resources, competence and scale of a larger group.

“Xelion Power is built on companies that have earned the trust of some of the most demanding customers in the market. Together we can do more for our customers, our employees and the entrepreneurs who choose to join us. For founders who want to keep developing their business with a strong partner, Xelion Power is the natural home.” – Anders Lindqvist, Chairman of the Board
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“We find the growth prospects in the electrical engineering market to be highly enticing, propelled by a broad electrification across industries. It is a pleasure for us to enter a partnership with the well-managed companies Elektromontage, Skistad Elektroautomasjon and TamControl – we look forward to supporting their continued growth ahead.” – Andreas Bruzelius, CEO and Co-founder, Aspira Partners
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Launch: November 2026
Business areas: Customised low-voltage switchboards and power distribution systems, control and automation systems, and backup power distribution
Group companies: Elektromontage (Sweden), Skistad Elektroautomasjon (Norway) and TamControl (Finland, closing expected Q1 2027). More to be announced.
Revenue: >SEK 325 million
Employees: >100

Read more at www.xelionpower.com