Triton buys Akeab.

Akeab, a Malmö, Sweden-based company provider of excavation services and civil works with a strong presence and market position in southern Sweden, announced entering into an agreement involving getting new owners of the company, the Norwegian investment firm Triton Partners.

The transaction, which has the financial details undisclosed, was made between Triton and existing owner Priveq Investment, a Swedish private equity house.

Akeab, founded in 2008 and led by CEO Peter Condrup, is a leading provider of excavation services and civil works with a strong presence and market position in southern Sweden. The company, which has around 230 employees and offices in six locations, focuses on medium sized projects with customers ranging from national fiber operators to municipalities and local energy companies.