AQ Holmbergs AB has today entered into an agreement with the owner, Rolf Hellström, of Vadstena Industriplast AB to buy all the shares in the company. The takeover will take place on January 1 2012.
Vadstena Industriplast AB manufactures injection-moulded plastic components for industrial customers with high demands. The company has a turnover of approximately 60 million SEK and 40 employees.
AQ Holmbergs AB in Anderstorp has 50 employees and a turnover of approximately 100 million SEK. Their production consists of thin sheet metal punching, injection moulding and assembly and their customers include the telecom and vehicle industries. The company is certified in accordance with ISO/TS 16949 and ISO14001.
The acquisition will be paid for in cash.
The business will be coordinated with AQ Holmbergs AB and managed by its MD Anne Ericsson. Rolf Hellström will also continue to work for the company as site manager for operations in Vadstena and a board member of AQ Holmbergs AB.
"The objective of the takeover is to widen AQ's customer base and retain rationalization benefits by amalgamating competence, experience and production with AQ Holmbergs AB in Anderstorp", says CEO Claes Mellgren.
For further information, contact:
CEO: Claes Mellgren, 070 592 8338
Chairman of the Board: P-O Andersson 070 526 9077
General facts about AQ
AQ is one of Sweden's leading suppliers of Components and Systems for industrial customers with high demands.
The company shares are quoted on Aktietorget.
The group consists of profit-driven enterprises, which each develop their special skills and expertise and, in collaboration with other companies in the group, strive to offer cost-effective solutions for the customer.
The group has two business segments: Components, which produces punched metal, transformers, cables, plastic injection moulding and mechanical components, and Systems, which develops and produces power and automation solutions and complete machines in close collaboration with the customer.
AQ has slightly more than 2 700 employees in Sweden, Bulgaria, China, Poland, Estonia, India and Italy.
In 2010, AQ had a turnover of approximately 1.9 billion SEK.
AQ has a AAA credit rating.