AI Terminal
AQ Group
M&A Activity • Jan 31, 2025
3002_rns_2025-01-31_86f23359-bdfc-4f23-ab9b-79a5b2a4673b.pdf
M&A Activity
Open in ViewerOpens in native device viewer
AQ Group completed mdexx magnetronics acquisition
AQ Group AB has after governmental approvals today completed the acquisition of mdexx magnetronics units. On December 20, 2024, AQ Group signed an agreement with Lafayette Mittelstand Capital to acquire 100% of the shares in mdexx inductive electronics GmbH, mdexx Magnetronic Devices GmbH, mdexx Magnetronic Devices s.r.o. and Michael Riedel, Transformatorenbau GmbH. The transaction was subject to governmental approvals.
mdexx is a leading supplier in design and manufacturing of specialized inductive components such as reactors, transformers and filters in the low to medium power and frequency range.
Michael Riedel, Transformatorenbau is a leading supplier in the design and manufacturing of custom-made transformers, reactors and filters in the small to medium power range.
________________________________________________________________________________________________________________
For further information, please contact: CEO and IR, James Ahrgren, tel. +46 76 052 58 88 or CFO, Christina Hegg, tel. +46 70 318 92 48
The information was released by James Ahrgren for publication at 16:15 CET on January 31, 2025.
AQ is a global manufacturer of components and systems to demanding industrial customers and is listed on Nasdaq Stockholm's main market. The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, striving to provide cost effective solutions in close cooperation with the customer.
________________________________________________________________________________________________________________________
The Group headquarter is in Västerås, Sweden. AQ has 8,000 employees in Bulgaria, Poland, Lithuania, Sweden, China, Estonia, Hungary, Mexico, Finland, India, Canada, USA, Germany, Italy, Brazil, Great Britain and Czech Republic. In 2023 AQ had net sales of SEK 9 billion, and the Group has since its start in 1994 shown profit every quarter.