BÖWE SYSTEC has signed an agreement to acquire a majority stake in SGA Conveyor Systems AB, a Swedish manufacturer and integrator of conveyor systems that is based in the Gothenburg area.
SGA Conveyor Systems was founded in 1990. Their individually tailored picking and transport solutions have established it as a strong partner for logistics centers. It is particularly strong in the e-commerce market, where companies are increasingly handling their own distribution logistics. The product portfolio of SGA Conveyor Systems includes roller and belt conveyor systems as well as sorting, picking and packing systems.
The acquisition of SGA Conveyor Systems AB is an important step for BÖWE SYSTEC, a global supplier of smart automation solutions. “Today, we are our customers’ single point of contact for integrated intralogistics solutions”, explains Dirk van Vinckenroye, Managing Director of BÖWE SYSTEC. “We offer them everything they need to optimize their sorting centers and warehouses – we are a one stop shop from goods in to goods out. The acquisition of SGA Conveyor Systems therefore fits in perfectly in our corporate strategy”, states Joachim Koschier, Managing Director of BÖWE SYSTEC.
Tommy Klasson, CEO and owner of SGA Conveyor Systems AB, also sees tremendous potential for this joint market presence: “Thanks to the merger with BÖWE SYSTEC, SGA will gain access to new markets across the globe. We are convinced that we will achieve exponential growth thanks to this cooperation.”
Henrik Mårtensson, Head of Technology and owner of SGA Conveyor Systems AB, is convinced that the integration of the Swedish specialists into the BÖWE SYSTEC Group will not only strengthen the two companies, but will also bring benefits for their customers: “Whilst we bring our expertise in conveyor technology to the BÖWE SYSTEC group, at the same time, our customers will benefit from the high level of innovation and the sophisticated technologies that the automation solution provider BÖWE SYSTEC brings along. We are really looking forward to the joint future.”
BÖWE SYSTEC is one of the world’s leading suppliers of smart automation solutions. For over 70 years, the technology company’s products have streamlined and optimized work and production flows across a wide range of very different industries. Whether it be inserting systems for classic transactional applications or mailings, card processing solutions, letter or parcel sorting systems for modern post processing centers, automation solutions for intralogistics or pharma serialization, BÖWE SYSTEC technologies play an important role in numerous industries. Headquartered at its production and development facility in Augsburg, the company serves its customers around the world through some 20 subsidiaries and over 50 general agencies. Since 2010 BÖWE SYSTEC GmbH has been owned by the Possehl Group, which generated annual sales of around €3.8 billion with a global workforce of approximately 13,300 in 2018.
Tim Persson, IMAP: “This has been an extremely interesting transaction as our clients have built a fantastic company with timely products. There was a great deal of interest from many Swedish and international companies, and in the end the global industrial group Böwe Systec, with HQ in Germany, acquired the company. In this case, one plus one really equals three. Böwe Systec acquires a specialist within conveyor systems who have deep knowledge in automation, while SGA Conveyor gains access to an industrial group where they can benefit from their global presence, knowledge and experience to be able to take the company to the next level.”
IMAP advised the sellers throughout the process.