Amplio is a Stockholm-based Nordic lower-mid-market control buyout firm, the February 2024 rebrand and continuation of the Segulah buyout group founded in 1994, investing in B2B business services and IT and technology services companies with enterprise values of roughly SEK 100-500m using a professionalisation and buy-and-build model. It manages Amplio II, Amplio I and the legacy Segulah V fund.
Key facts
Recent exits
Coverage notes
3 funds tracked, 9 portfolio companies (6 active · 3 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
9 companiesFunds & portfolio
Every fund Amplio has raised, with its portfolio companies. Hand-checked from public filings.
Amplio IIBuyoutHarvesting2025 · 1yr1 active
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services |  Sweden | 2025 |
Sweden· Entry 2025Amplio IBuyoutHarvesting2021 · 5yr2 active · 1 realized
Unrealized
2 heldSegulah VBuyoutHarvesting2015 · 11yr€257M3 active · 2 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| HealthTech | Sweden | 2016 | |
| IT Services | Sweden | 2019 | |
| Consumer | Sweden | 2018 |
Sweden· Entry 2016Sweden· Entry 2019Sweden· Entry 2018Saved GPs appear in your watchlist, one click from your workspace.
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 €29/month.
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