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AQ Group M&A Activity 2024
3002_rns_2024-10-31_2e506e0c-b157-418e-b9bb-2627a8ac4bbe.pdf
M&A Activity
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AQ Group has completed the acquisition of TechROi Engineering & TechROi Scandinavia
AQ Group AB has today, October 31, 2024, completed the transaction of acquiring TechROi Engineering and TechROi Scandinavia, that develop and construct components and systems to demanding customers within vehicle, aerospace and gas turbine industry. With this acquisition, we strengthen AQ's competence in customeroriented product development and prototype manufacturing. This, combined with AQ's factory network, gives us a stronger offering to our customers. When combining the TechROi companies with our own company AQ Engineering, we have more than 100 engineers in Sweden who work directly together with demanding industrial customers.
The companies had a turnover of SEK 55 m in 2023, an operating margin below AQ average and have 38 employees. Operations are conducted in Trollhättan and Gothenburg.
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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 16:00 CET on October 31, 2024.
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.
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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, and England. In 2023 AQ had net sales of SEK 9 billion, and the Group has since its start in 1994 shown profit every quarter.