Amplio

About Amplio

Amplio Private Equity AB is a Swedish independent lower-mid-market private equity firm headquartered in Stockholm. The firm was established in 2024 as the rebranded successor to the long-running Swedish PE house Segulah, with the entire senior Segulah investment team transitioning under the Amplio brand. While the Amplio brand is new, the underlying team has invested together for more than ten years and is responsible for managing the Segulah V fund (continued under the Amplio platform) alongside the newly raised Amplio I fund. The firm currently manages two active vehicles: Segulah V (2014 vintage, original Segulah Advisor commitment, in harvest mode) and Amplio I (2024 vintage, the inaugural fund under the Amplio brand). Together the platform has historically deployed across 156 transactions including 53 realised exits over the broader Segulah-Amplio lineage. Assets under management as of December 2024 are not publicly disclosed, with industry estimates placing active investable capital under the Amplio platform at several hundred million euros.

Investment thesis

Amplio targets control investments in Nordic lower-mid-market B2B companies with enterprise values typically in the SEK 100 to 500 million range (approximately €9 to €46 million). Sector focus is sharply defined around two verticals: Technical Services and Maintenance covering industrial services, refrigeration, building systems, security and electrical installation, and IT and Technology Services covering cloud, low-code platforms, IT infrastructure and medical imaging software. Geographic scope is Nordic covering Sweden, Denmark, Norway and Finland with Sweden as the operational core. The investment strategy is anchored in two repeatable plays: professionalisation, upgrading governance, finance, commercial and operational functions in entrepreneur-owned platforms, and buy-and-build consolidation, with the Segulah-Amplio team having executed 80-plus add-on acquisitions across Nordic platforms. Three thematic lenses guide deployment: Sustainable Solutions, Digital Business Efficiency and Smart Urbanisation. Value creation is delivered through hands-on operating engagement, M&A-led platform scaling and Nordic sector network access.

Recent activity

Recent investments include S R Intelligence in business services and regulatory compliance (2025), Tedge in energy services and technical services (2023), Co-native in IT and technology services covering cloud (2022) and SELATEK in technical services covering security and electrical installation (2021). Recent exits include Multisoft in IT and technology services (2026), Francks Kylindustri in technical services covering refrigeration (2025), NVBS in technical services (2022) and Sandbäckens in technical services (2021). The platform continues to deploy Amplio I across Nordic lower-mid-market B2B technical services and IT services, with active buy-and-build M&A across platform investments. Detailed buyer names and multiple data available on Pro at €49/month.