News

Beijer Alma’s subsidiary Beijer Tech acquires AVS

Beijer Tech has today, February 29th 2024, signed an agreement to acquire 100 percent of the shares in AVS Power Oy, a leading Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors.

AVS is a technical wholesaler and manufacturer of pneumatics, industrial valves and compressors with a well-established global network of high-quality suppliers. Through its technical and manufacturing capabilities, the company can tailor its products based on customers’ needs and preferences. The company is headquartered in Espoo with presence at five additional locations through manufacturing and sales units. AVS generates approximately EUR 13 million in annual revenue with favourable profitability. The company has about 30 employees.
 
The acquisition is in line with Beijer Alma’s model for value-adding acquisitions and Beijer Tech’s strategy of acquiring profitable companies in attractive niches with good growth potential and high value-add.
 
Beijer Tech’s President, Staffan Johansson, commented on the transaction: “Through its high quality and flexibility, AVS has built a strong position within its market niche. AVS has been active in this business for more than four decades and has built a strong position in the attractive industrial valves and pneumatics market. The company is a good complement to our existing valves company, PA Ventiler, and marks an expansion of our valves offering to the Finnish market. I am excited to see what the two companies can achieve by learning from, and cooperating with, each other.”
 
AVS’ Sales Director, Matti Hietikko, also commented on the transaction: “I am excited to welcome Beijer Tech as AVS’ new owner. Given Beijer Tech’s long-term perspective and experience from similar companies, I am certain that they will be the ideal owner for AVS’ long-term development. I would also like to thank our previous owner, Antero Parma, who has built this company to what it is today.”
 
In the transaction, Beijer Tech will acquire 100 percent of the shares in AVS Power Oy with closing expected during the first quarter 2024. As a part of the transaction, operational assets have been transferred to AVS Power Oy from the previous parent company AVS-Yhtiöt Oy. The acquisition is expected to have a marginally positive impact on Beijer Alma’s earnings per share.

Beijer Tech has today, June 8th 2023, acquired the majority of shares in Finn Lamex Safety Glass Oy, a leading manufacturer of complex laminated windscreens for commercial vehicles, motorhomes and industrial machines.

Finn Lamex engineers and manufactures laminated windscreens for primarily the aftermarket for buses. The company is highly regarded for its strong expertise, ability to tailor complex screens to meet customer requirements and commitment to deliver high quality products. Through its strong offering, the company has established a significant market share on the European aftermarket. Located in Laitila, Finland, Finn Lamex generates approximately EUR 14m in annual revenue with favourable profitability. The company has about 80 employees.
 
The acquisition is in line with Beijer Alma’s model for value-adding acquisitions and Beijer Tech’s strategy of acquiring profitable companies in attractive niches with good growth potential and high value add.
 
Beijer Tech’s President, Staffan Johansson, commented on the transaction: “Through its high quality and customer-centric strategy, Finn Lamex has built a strong position within its market niche. The company has long standing customer relations and is well positioned to benefit from the prevailing market trends. All in all, Finn Lamex’s profile is well aligned with our acquisition strategy. I am looking forward to work together with the minority owners to develop the company to the next level.”
 
Finn Lamex’s Managing Director, Tero Toivanen, also commented on the transaction: “I am happy to welcome Beijer Tech as a new long term majority owner of Finn Lamex. The company has taken significant steps in its development over the last few years, and we are now looking forward to continuing our journey. I would also like to thank our previous majority owners, Länsi-Suomen Pääomarahasto Oy and Kasvattajarahasto Ky governed by Aboa Venture Management Oy, for a good corporation since we bought the company together in 2016.”
 
In the transaction, Beijer Tech acquires 72.1 percent of the shares in Finn Lamex Safety Glass Oy with closing today. The current minority owners will remain as operating minority owners following the transaction. The acquisition is expected to have a marginally positive impact on Beijer Alma’s earnings per share.

If you have any questions, please contact:

President and CEO of Beijer Alma, Henrik Perbeck, +46 18 15 71 60

About Beijer Alma AB

Beijer Alma AB is an international industrial group focused on component production and industrial trading. The Group includes; Lesjöfors, one of Europe’s largest spring manufactures and Beijer Tech, which holds strong positions in Nordic industrial trading and manufacturing in niche markets.
Beijer Alma is listed on the Nasdaq Stockholm Mid Cap list.

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Beijer Alma’s subsidiary Beijer Tech acquires Finn Lamex

Beijer Alma’s subsidiary Beijer Tech acquires Botek

Beijer Tech entered into an agreement today to acquire all shares in Botek Systems AB, a leading manufacturer of hardware and software for vehicle-mounted scales and RFID systems for the waste management industry.

Botek develops, manufactures and supplies vehicle-mounted scales with systems for RFID-based collection recording and associated software solutions for planning, executing and reporting collection services within the waste management industry. The products are technically complex and used in demanding environments, which imposes high quality requirements. The company has a high degree of technical expertise and works proactively with both product and software development to maintain its leading position. Including its subsidiaries, Botek has a total of 44 employees in Ulricehamn, Stockholm, Smedjebacken and Torsby, with turnover of approximately MSEK 100 and good profitability.
 
The acquisition is in line with Beijer Alma’s model for value-adding acquisitions and Beijer Tech’s strategy of acquiring profitable companies in attractive niches with good growth potential and high value add.
 
Beijer Tech’s President, Staffan Johansson, commented on the transaction: “The waste management industry is constantly evolving, and it is an important part of the transition towards a circular and sustainable society. This transition requires increasing amounts of data as the industry digitizes, and we are very impressed by the strong market position that Botek has established. The company is well managed, niched and provides us with a new product area with exposure to a growing market, fully in line with our active acquisition strategy. I look forward to working together with Botek’s management and employees to take the company to the next level.”
 
Botek’s President, Anders Axelsson, also commented on the transaction: “Since 2010, Botek has grown from around MSEK 30 in turnover to approximately MSEK 100 today, and those of us in the management team, together with the employees, are now looking forward to working with Beijer Tech to take the next step in the company’s development. I would also like to take the opportunity to thank the former owners, Bo and Hans Stålhandske, for the good cooperation we have had during the years I have been involved in Botek.”
 
In the transaction, Beijer Tech acquires 100 percent of the shares in Botek Systems AB, with closing early in the first quarter of 2023. The acquisition is expected to have a marginally positive impact on Beijer Alma’s earnings per share.

If you have any questions, please contact:

President and CEO of Beijer Alma, Henrik Perbeck, +46 18 15 71 60

About Beijer Alma AB

Beijer Alma AB is an international industrial group focused on component production and industrial trading. The Group includes; Lesjöfors, one of Europe’s largest spring manufactures and Beijer Tech, which holds strong positions in Nordic industrial trading and manufacturing in niche markets.
Beijer Alma is listed on the Nasdaq Stockholm Mid Cap list.

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Beijer Alma’s subsidiary Beijer Tech acquires Botek

Norspray expands in Norway

Norspray has today acquired 100% of the shares in Norserv. Norserv provides products and service for surface treatment , for example pumps, passive fire protection as well as coating removal.

Norserv is, just as Norspray, located in Stavanger and have 3 employees. Revenue is 6 M NOK. Norspray and Norserv will share premises and through the acquisition Norspray will get access to Norservs service department and also pursue cross-selling.

Further on, Norspray earlier this year acquired Airex through an asset deal. Airex own the patent for the Heatbox, which is an air and explosion proof transport solution of paint, oil etc. The acquisition will further strengthen Norsprays service offering.

If you have any questions, please contact:

VD Norspray, Roar Bratene

Staffan Johansson,

CEO, Beijer Tech

2022-06-01

Beijer Tech has today acquired the majority of the shares in Mountpac AB, a manufacturer and supplier of customized components in different materials.

Mountpac was founded in 2001 as an installation and packaging company. Through a strong customer focus and responsive approach, the company has since transformed into a complete supplier with extensive customer collaborations. With its proprietary sheet manufacturing and a broad supplier base, Mountpac assists its customers with everything from individual customized stamping parts to complex products, often with full responsibility from construction to packing and distribution. The company has 16 employees and sales of about MSEK 50 with favorable profitability.
 
The acquisition is in line with Beijer Alma’s model for value-adding acquisitions and Beijer Tech’s strategy of acquiring profitable companies in attractive niches with good growth potential and high value add.
 
“Through its customer-focused strategy and flexibility, Mountpac has delivered profitable growth for a long time and established a long-standing relationship with its customers. The company’s niche profile, attractive growth and customer-centric dialogue are well aligned with our acquisition strategy. I therefore look forward to continuing to develop Mountpac together with the minority owners,” says Staffan Johansson, President of Beijer Tech.
 
“We are pleased to welcome Beijer Tech as a long-term industrial owner. We look forward to continuing to grow our business in a decentralised structure with the support of Beijer Tech’s network, expertise and capacity to invest for profitable growth,” says Samuel Wärnelöv, President of Mountpac.
 
Through the transaction, Beijer Tech has acquired 85 percent of the shares in Mountpac and 100 percent of the shares in Mountpac Fastigheter AB. Both acquisitions will close today. Following the transaction, the three former owners will remain as operating minority owners to further develop the company. The acquisition is expected to have a marginal positive impact on Beijer Alma’s earnings per share.

If you have any questions, please contact:

President and CEO of Beijer Alma, Henrik Perbeck, +46 18 15 71 60

About Beijer Alma AB

Beijer Alma AB is an international industrial group focused on component production and industrial trading. The Group includes three subsidiaries: Lesjöfors, one of Europe’s largest spring manufactures; Habia Cable, one of Europe’s largest manufacturers of custom-designed cables; and Beijer Tech, which holds strong positions in Nordic industrial trading and manufacturing in niche markets.
Beijer Alma is listed on the Nasdaq Stockholm Mid Cap list.

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Beijer Alma’s subsidiary Beijer Tech acquires Mountpac AB

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Beijer Tech has today acquired the majority of the shares in Swedish Microwave AB, a manufacturer of equipment for satellite communication to the global professional market.

Beijer Tech has today acquired the majority of the shares in Swedish Microwave AB, a manufacturer of equipment for satellite communication to the global professional market. 

Swedish Microwave’s (“SMW”) products are, among others, used within the marine industry, earth observation as well as among satellite and teleport operators. The products are characterized by technical complexity with stringent quality requirements. SMW has a strong focus on product development, enabled by a high degree of technical expertise. The company has 24 employees in Motala and revenue of about MSEK 50, with high profitability. 
 
The acquisition is in line with Beijer Alma’s model for value-adding acquisitions and Beijer Tech’s strategy of acquiring profitable companies in attractive niches with good growth potential and high value add.
 
Beijer Tech’s President, Staffan Johansson, commented on the transaction: “I’m impressed with the high level of technical expertise and strong market position that SMW has established. The company is well managed, niched and provides us with a new product area with exposure to a growing market, fully in line with our active acquisition strategy. I look forward to working together with the minority shareholders and employees to take the company to the next level.”
 
SMW’s President, Dennis Danielsson, commented on the transaction: “For us at SMW, this feels like a natural step in our ongoing growth journey. Beijer Tech is a long-term industrial owner and strategic partner that can help us take the next step. We look forward to continuing to grow the company with new and existing customers together with Beijer Tech.”
 
In the transaction, Beijer Tech acquires 80 percent of the shares in SMW with closing today. The four former owners will remain as operating minority owners following the transaction to further develop the company. The acquisition is expected to have a marginally positive impact on Beijer Alma’s earnings per share.

Beijer Alma | Beijer Alma’s subsidiary Beijer Tech acquires Swedish Microwave AB

Beijer Alma’s subsidiary Beijer Tech has today signed an agreement to acquire 85.6 percent of the shares in Källström Engineering Systems AB (“Källström”) The acquisition is expected to be finalized during the third quarter of 2021.

Källström designs and produces equipment for filling, mixing, and handling of corrosive liquids, primarily for the international battery industry. The company has a high degree of technical expertise with nearly 30 years of experience from the industry and a well-established brand with long-term customer relationships. Källström’s sales amount to approximately MSEK 35 with favorable profitability.

Staffan Johansson, President of Beijer Tech, comments on the transaction: “I’m impressed with the market position Källström has established, with a large share of international sales, and I’m pleased that we have made this acquisition. Källström is a well-managed niche company and provides Beijer Tech with a new product area in a sector with an exciting future.”

Following the transaction, the three former owners will remain as operating minority owners to further develop the business together with Beijer Tech. In connection with the transaction, Anders Källström, Managing Director of Källström, has chosen to take a new role as Technology Manager and to hand over the role of Managing Director to Jim Sandberg, the company’s current Construction Manager. The company’s third owner, Bo Johansson, will remain in his current role as Sales Manager.

Anders Källström comments on the transaction: “We look forward to continuing to develop our operations together with Beijer Tech. Through Beijer Tech, we are convinced that we have found the right strategic partner for the company’s long-term development and future growth.”

Henrik Perbeck, President of Beijer Alma comments on the transaction: “Through the acquisition of Källström, Beijer Tech continues its strategy of acquiring attractive companies in interesting niches with increasing value add.”

For further information, please contact:
President and CEO of Beijer Alma, Henrik Perbeck, +46 18 15 71 60
President of Beijer Tech, Staffan Johansson, +46 70 564 70 29
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Beijer Alma’s subsidiary Beijer Tech acquired 100 percent of the shares in Noxon AB from MVI today.

Noxon provides decanter centrifuges, polymer machines, control systems and after-sales services related to water treatment in several applications. The company’s customers primarily comprise municipal wastewater treatment plants as well as customers in other industries, such as fishing, recycling, chemical, paper, and oil and gas. Its main markets are Sweden, Finland, Norway and Poland. The company has 38 employees and sales of about MSEK 70 with favorable profitability. Noxon will be part of Beijer Tech’s Fluid Technology business area.

Beijer Tech’s President, Staffan Johansson, commented on the transaction: “Through the acquisition of Noxon, we are continuing to invest in Fluid Technology, adding new products and customer segments such as water treatment plants. The company has an attractive mix of machinery sales and after-sales services, with a strong market position in its niche in the Nordic region."

Noxon’s CEO, Jens Johansson, commented on the transaction: “For those of us at Noxon, it is inspiring to work together with an industrial owner such as Beijer Tech to further develop the company.”

MVI’s Partner, Stefan Karlsson, commented on the transaction: “MVI is proud of the way Noxon has developed during the time MVI has owned the company. We believe that Beijer Tech is the perfect owner for the company’s future development.”

Beijer Alma’s CEO, Henrik Perbeck, commented on the transaction: “Beijer Tech is continuing its strategy of acquiring attractive companies in the Fluid Technology business area with increasing value added.”
 

Beijer Alma’s subsidiary Beijer Tech has today acquired 75 percent of the
shares in Novosystems AB, Novosystems Östergötland AB and Novosystems
Småland AB.

Novosystems is active in building automation systems and offers energy-efficient solutions
for public and private customers in Sweden. The company focuses on complete solutions for
indoor environments through system integration and coordination, particularly in
commercial and specialized buildings. The corporate group’s sales amount to approximately
MSEK 50 with favorable profitability. In operational terms, Novosystems will be included in
Beijer Tech’s subsidiary INUstyr to build a stronger player in the Swedish market.

Beijer Tech’s President, Staffan Johansson, commented on the transaction: “The acquisition
of Novosystems is important for Beijer Tech when it comes to achieving our goal of
continuing to grow in the area of building automation. Novosystems is a well-managed niche
company with a very strong market position. I’m pleased that we were able to complete this
acquisition and can now expand this exciting area of Beijer Tech.”

After the sale of the majority stake, the previous joint owners will remain in place as minority
owners and, in their operative roles, will further develop the operations together with the
INU group. Novosystems’ Chairman, Magnus Larsson, commented on the transaction: “For
those of us at Novosystems, this feels like the right step in our ongoing journey of growth.
We are convinced that in Beijer Tech and INU, we have found the right partners for the
development of the company alongside new and existing customers.”

INUstyr’s CEO, Anders Eriksson, commented on the transaction: “With Novosystems as our
sister company, we will have the opportunity to expand our customer offering even further,
both geographically and in terms of our expertise.”

Beijer Alma’s CEO, Henrik Perbeck, commented on the transaction: “Beijer Tech is continuing
to pursue its strategy of acquiring companies in attractive niches and is now expanding in a
growth area.”

Fredrik Hedman has been appointed as the new CEO of Lundgrens Sverige AB.
Lundgrens Sverige is Beijer Tech’s largest business with a turnover of approx 360 MSEK.
Fredrik has a long career within the company and has served as both Sales Manager as well as Site Manager. He will replace Staffan Johansson who is now CEO of Beijer Tech.

Fredrik Hedman will assume his new role as CEO by January 1 2021.