Teknia, the Spanish multinational specialised in the manufacture of metal and plastic components for mobility, has acquired the Swedish company Svensk Tryckgjutning (“STG”) dedicated to the injection and machining of aluminium and magnesium products for safety and high precision parts for the steering and chassis environment. The acquisition is a strategic move by the company to further strengthen its capabilities in manufacturing components for new mobility solutions. Aluminium and magnesium injection and machining technologies, due to their better characteristics compared to other materials, are increasingly relevant for the manufacture of components for electric vehicles.
The Group reinforces its commitment to aluminium, a key material for electrification, and adds production capacity in magnesium injection moulding. With this purchase, the Spanish multinational adds 23 production plants and expands its presence to 13 countries.
STG is located in Vimmerby, in southern Sweden, with a good connection to Germany. The company recorded sales of close to EURO 20 million in 2022 and expects strong growth in 2023. The plant has a team of more than 100 people and its customers include major automotive OEMs and Tier-1 suppliers. Teknia has chosen Sweden because it has been a technological leader in aluminium and magnesium injection moulding for decades in Northern Europe, as reflected in the large number of aluminium and magnesium injection moulding companies located there. With this purchase, the Group now has 23 production facilities and a presence in 13 countries.
Teknia Vimmerby, as the Swedish plant will be called, reinforces the strategy in aluminium technology, a key material in electrification due to the need to make vehicles lighter. In this way, the new plant becomes the Group’s fourth with aluminium injection technology and joins the existing plants in Ampuero (Spain), Oradea (Romania) and Tepejí del Río (Mexico). The plant also adds magnesium injection technology to the Group’s multi-technology capabilities.
Javier Quesada de Luis, Teknia Managing Director, said: “The acquisition of STG in Sweden is part of our strategy to increase our production capacity in a booming technology such as aluminium injection moulding, while incorporating a new, highly specialised technology, magnesium injection moulding. We continue to look for opportunities in Europe and America to continue growing and positioning ourselves as a benchmark company thanks to our multi-material offer.”
On Teknia’s growth plans, Quesada de Luis commented that “this acquisition complements our strategy, which is currently focused on incorporating industrial groups. With this new plant in Sweden we are adding to our perimeter a factory that provides a differential value through a highly specialised technology with great potential.”
Teknia is a multinational Group specialising in the manufacture of mobility through metal and plastic components using a wide range of technologies. Founded in 1992 as a global supplier to the automotive industry, Teknia is now present in 13 countries, with 23 plants and more than 3,300 employees. The company’s customers include the world’s leading vehicle manufacturers as well as other Tier-1 suppliers to the industry. Teknia’s turnover amounted to 324 million euros in 2021.
Peter Hjelte at STG, comments: “For some time now, we have made a strategic decision to sell our company. We have very carefully selected the right buyer, with Teknia Group being the company that was the best fit as the new owner. Teknia Group is a stable industrial group that has been operating in our business area for a long time. I see a number of synergies for both companies, which will secure and strengthen the companies well into the future. The new name will be Teknia Vimmerby. Otherwise, nothing will change within our organization and we will continue on the same successful way as before”.
Peter Hjelte continues: “I am extremely satisfied with the collaboration with IMAP as they have shown great knowledge and above all have been a great support both for me and our entire company throughout the process. They have always been available to answer questions and I have had a tremendous amount of trust in them. Thus, our collaboration has been both instructive and stimulating, and we have really had a good end and the outcome we have worked so well for.”
IMAP advised the seller throughout the process.