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Bellman Group Acquires Vägsäk AB to Add Traffic Safety Business

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Bellman Group has agreed to acquire Swedish traffic safety and infrastructure company Vägsäk AB. Based in Gammelstad near Luleå, Vägsäk provides road and bridge guardrail installation, security fencing, earthworks, civil engineering, and outdoor property maintenance. The business will become part of Bellman Group's North operating region upon completion.

The deal expands Bellman Group into a fifth operational vertical centered on traffic safety. Vägsäk reported net sales of approximately SEK 221 million in 2025 and employs a core team of around 30 workers alongside seasonal personnel. For Bellman Group, which generated SEK 4.0 billion in 2025 revenue, the purchase represents its 17th acquisition overall and its fourth transaction in 2026 as part of an ongoing buy-and-build strategy.

The transaction remains subject to customary regulatory approvals and is scheduled to close in the coming months. Following completion, current co-owners Björn Strömbäck, Almir Ulakovic, and Lisa Strömbäck will remain in senior management roles to ensure operational continuity and support expansion across Sweden.

Key points

  • Bellman Group signed an agreement to acquire Vägsäk AB, adding a fifth business line focused on traffic safety.
  • Vägsäk generated approximately SEK 221 million in net sales in 2025 with about 30 core employees.
  • The acquisition marks Bellman Group's fourth transaction in 2026 and its 17th since founding.
  • Vägsäk's current owners will stay in senior management positions following the transaction.
  • The deal is subject to regulatory approval and is expected to close within the coming months.

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Questions and answers

What does Vägsäk AB do?

Vägsäk AB specializes in road and bridge guardrails, security fencing, civil engineering, earthworks, and outdoor property maintenance across Sweden.

How much revenue did Vägsäk generate in 2025?

Vägsäk reported net sales of approximately SEK 221 million in 2025.

When will Bellman Group close the acquisition of Vägsäk?

The transaction is subject to customary regulatory approvals and is expected to close in the coming months.