Beijer Tech signs agreement to acquire Källström Engineering Systems

Taken from the Pressrelease:

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

Källström designs and produces filling and mixing equipment for corrosive agents, primarily for the international battery industry. The company has a high level of technical competence with almost 30 years of experience from the industry and a well-established brand with long customer relationships. Källström has sales of approximately SEK 35 million with good profitability.

Beijer Tech’s CEO, Staffan Johansson, comments on the deal “I am impressed by the market position Källström has managed to build up with a large share of international sales and I am pleased that we have completed this acquisition. The company is well-managed, niched and gives Beijer Tech a new product area in an exciting future industry. ”

After the transaction, the previous main owners will remain both as minority owners and in their operational roles to continue to develop the business together with Beijer Tech.

Källströms CEO, Anders Källström, comments on the deal: “We look forward to develop our business further together with Beijer Tech. We are convinced that we have found the right strategic partner in Beijer Tech for Källströms long-term development and future growth.”

Beijer Alma’s CEO, Henrik Perbeck, also comments on the deal: “Through the acquisition of Källström, Beijer Tech continues its strategy to acquire good companies in exciting niches with a high degree of refinement.”

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Beijer Alma AB (publ) is an international industrial group focusing on component manufacturing and industrial trade. The group includes Lesjöfors, which is one of Europe’s largest spring manufacturers, Habia Cable – one of Europe’s largest manufacturers of special cables and Beijer Tech with strong positions in industrial trade and manufacturing in the Nordic region. Beijer Alma is listed on the NASDAQ Stockholm Mid Cap list.

During summer vacation our spare part orders will be more or less closed down for three weeks during summer 2021: week 29, 30, 31. This means we will be low on personell for spare part orders from July 19 to August 9. Also, please note that apart from the summer holidays the ongoing Corona-situation might delay deliveries further. We will of course do our best to help and speed things up under the circumstances!

Summer is coming! We'll get back with more information if we decide to close Källström during summer.

During the summer we will be short of personell so please note anticipated longer delivery times. Place your orders in good time. Also, please note that due to the summer holidays and the ongoing Corona-situation deliveries will be delayed. We will do our best to speed things up and help you under the circumstances!

(Note! The picture, and it's ugly background, is in no way related or a comment to the Corona-situation or to slower deliveries. It's just our neighbours backside).