Pressmeddelanden, rapporter och bolagsmeddelande för Teqnion AB

Teqnion AB has acquired all outstanding shares of MITAB i Forsbacka AB, a company specializing in cremation installations since 1995. MITAB provides advanced furnaces and related equipment across the Nordic region, along with project planning, consulting, and maintenance services. The company was developed by Matts Eriksson, with his son Lars Eriksson as the current CEO, who will continue to lead under the new ownership. Over the last three years, MITAB has generated approximately 65 MSEK in revenue with strong margins. The acquisition is effective immediately and is not expected to significantly impact Teqnion's 2025 fiscal financials. Teqnion is an industrial group that acquires niche companies for long-term development.

Teqnion AB has acquired all outstanding shares of Edurus Gravstenar AB, a Swedish market leader in the dimensioned stone industry, specializing in headstones and stone figurines. Founded in 1999, Edurus has strong ties with funeral homes and a growing direct-to-consumer channel. The company, with 15 employees, operates in Malung and Stockholm and is known for its quality and customer service. Katrin Larsson will remain CEO post-acquisition. The acquisition is a carve-out from Stone Supply Group AB and is effective immediately, with no significant financial impact expected on Teqnion's 2024 fiscal year.

The shareholders of Teqnion AB are invited to attend the Annual General Meeting on April 23, 2025, at Törngren Magnell & Partners Advokatfirma in Stockholm, Sweden. The notice of the meeting is available on Teqnion's website and will be published in The Official Swedish Gazette and Dagens industri on March 26, 2025. Shareholders must be registered with Euroclear Sweden AB by April 11, 2025, and must notify the company of their participation by April 15, 2025, either by mail or email. Shareholders with nominee-registered shares must register them in their own name by the record date. Proxies require a written power of attorney, and relevant documents must be submitted by April 15, 2025. The meeting agenda includes the election of the Chairman, approval of financial statements, and resolutions on various company matters including board elections, compensation guidelines, incentive programs, and authorization for issuing financial instruments. For more information, contact Johan Steene or Jonathan Alexandersson at Teqnion AB. Teqnion is an industrial group that acquires and manages niche companies, focusing on profitability and sustainable business relationships. Its shares are traded on the Nasdaq First North Growth Market.

Teqnion AB has acquired all outstanding shares of Thermasolutions International Limited, a company established in 2006 that specializes in energy-efficient refrigeration products for supermarkets, hospitality, and restaurants. Based in Northamptonshire, Thermasolutions serves both UK and international markets with clients including Wholefoods, Tesco, and Walmart. The company, known for innovation and energy efficiency, will continue to be led by CEO Tanup Patel, who will oversee its strategic growth following the acquisition. The transaction is effective immediately and is not expected to significantly impact Teqnion's 2025 financials. Teqnion is an industrial group focused on acquiring and developing niche companies with strong cash flows.

Teqnion AB has acquired all outstanding shares of Merridale Ltd., a leading UK commercial fuelling manufacturer known for its comprehensive range of fuelling equipment and systems. Established in 1994, Merridale has installations at over 5,000 sites in the UK, Ireland, Channel Islands, and the Netherlands, servicing around 400,000 vehicles daily. The previous owners, Paul and John, will continue to manage the company in Wolverhampton. Merridale has maintained an average revenue of £2.5M over the past three years with strong margins. Paul stated the acquisition ensures the business's long-term future as they approach retirement. Teqnion's CEO, Johan Steene, expressed enthusiasm about integrating Merridale's expertise in fuel management into Teqnion. The acquisition is immediate and is not expected to significantly impact Teqnion's 2025 financials. Teqnion is an industrial group focused on acquiring stable niche companies and is listed on the Nasdaq First North Growth Market.

Teqnion AB has agreed to acquire all shares in Awarded 2U Limited, a UK-based company specializing in custom-made awards for corporate clients. Awarded 2U, founded by Debbie Jackson in 2008, serves notable clients such as the Premier League and BBC. Jackson will remain CEO post-acquisition. The company's average revenue over the past three years is approximately £2.5 million with strong margins. Both Jackson and Johan Steene, CEO of Teqnion, expressed optimism about the partnership. The acquisition is effective immediately and is not expected to significantly impact Teqnion's 2025 financials. Teqnion is an industrial group focusing on acquiring niche companies with stable cash flows.

Teqnion AB har tecknat ett avtal om att förvärva alla utestående aktier i Midland Special Fasteners Ltd (MSF), ett företag baserat i Walsall som specialiserar sig på leverans av specialfästelement för krävande applikationer. MSF grundades med syftet att lösa kunders utmaningar med att hitta specialfästelement för olika användningsområden, inklusive rymden, superbilar och ubåtar. Företaget har byggt ett starkt rykte och djupa kundrelationer tack vare grundarnas expertis och konsekvent leverans enligt förväntningar. Mitch Lane kommer att fortsätta som VD för MSF efter förvärvet. MSF:s genomsnittliga omsättning de senaste tre åren har överstigit 2 miljoner pund med goda marginaler, även om historiska siffror är dämpade på grund av att MSF var en avknoppning från systerföretaget Midland Components. Förvärvet träder i kraft omedelbart och förväntas inte påverka Teqnions finansiella resultat för räkenskapsåret 2025.

Teqnion AB has acquired all outstanding shares in UK Lanyard Makers Ltd (UKLM), a company founded in 2015 and based in Dunshold, UK, which designs and produces lanyards for clients such as major sports events, business fairs, and product launches. UKLM, led by Kevin and Jennifer, has built a reputation for quality, delivery accuracy, and continuous improvement. Despite the impact of Covid lockdowns, UKLM generated approximately £1.3 million in revenue over the past three years. Kevin and Jennifer expressed excitement about joining Teqnion, while Teqnion's CEO, Johan Steene, praised UKLM's efficiency and passion for customer value. The acquisition, effective immediately, is not expected to significantly affect Teqnion's 2024 financials and marks Teqnion's seventh acquisition outside Sweden and sixth in the UK.

Teqnion's Q2 2024 report shows mixed results in a challenging market. The earnings per share (EPS) for the quarter were 2.01 SEK, a 1% decrease from last year. Profit after tax increased by 5% to 34.5 MSEK, while net sales rose by 4% to 399.7 MSEK. However, organic net sales decreased by 6%. The CEO expressed dissatisfaction with these numbers and emphasized the need for improvement. During the quarter, Daniel Zhang was appointed Deputy CEO, while after the quarter, Teqnion acquired Avelair Limited. Financial highlights for Q2 2024 include: - Free Cash Flow (excluding acquisitions): 32.4 MSEK - EPS: 2.01 SEK - Profit for the period: 34.5 MSEK - EBITA: 46.7 MSEK - EBITA margin: 11.7% - Net sales: 399.7 MSEK In his letter, CEO Johan Steene compared Teqnion's journey to an adventure, acknowledging the company's struggles but expressing optimism about future opportunities, particularly in the construction sector. He highlighted the importance of robust operations across all business cycles and the strategic acquisition of companies less sensitive to economic fluctuations. The latest acquisition, Avelair, is expected to strengthen Teqnion's market position. Steene also reflected on the company's progress over the past five years, emphasizing continuous improvement and a commitment to doubling EPS every five years. A Q&A session is scheduled for July 21st, where stakeholders can discuss the report and other queries with Johan Steene and Daniel Zhang.

Teqnion AB has acquired all outstanding shares in Avelair Limited, a UK-based company specializing in energy-efficient rotary screw air compressors. Founded in 1993, Avelair generates significant recurring revenue and has a strong customer base. David Wood, who became CEO in 2013, will continue to lead the company. Avelair has reported close to £3 million in revenue with strong margins over the past three years. Both David Wood and Johan Steene, CEO of Teqnion, expressed positive sentiments about the acquisition. The acquisition is effective immediately and is not expected to significantly impact Teqnion's 2024 financials. This marks Teqnion's sixth acquisition outside Sweden and fifth in the UK. For more information, contact Johan Steene or Daniel Zhang at Teqnion.