MIDAQ Industry acquires 100 percent of the shares in TR Group AB, including Tranås Rostfria AB and TR Equipment AB with subsidiaries. TR Group have net sales revenue of 100 MSEK and 50 employees.
Tranås Rostfria is a well-established contract manufacturer offering laser processing, punching, welding, powder coating and similar services. Tranås Rostfria was founded in 1945 and has ever since been a well-established provider of metal processing and assembly. The company has been working laregly towards the laboratory and medtech sectors and also specializes in public environment, office furnishings, heating systems and key cabinets. Tranås Rostfria holds full necessary Swedish ISO certification.
TR Equipment is a Medtech company which designs and develops products for care of patients with disabilities. The products are primarily designed to serve as lifting aid for personal assistants. The company exports their products to 40 countries through own subsidiaries and local distributors under the TR trademark.
”The aim of the transaction has been to strengthen the organization with a long-term owner who can commit to an ambitious growth plan and continue to develop the business with headquarters in Tranås. MIDAQ fulfills the requirement and we look forward to follow the development of the companies”, says Mattias Franzén, CEO, who will remain as CEO in the transition period.
”The acquisition of TR Group is an important step in the development of MIDAQ Industry. With considareble experience in their respective areas of expertise, TR Group will play an important part on the quest of growth which MIDAQ Industry is undertaking”, says Ulf Johansson, head of Business Development at MIDAQ Industry.
IMAP advised the seller throughout the process.