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.
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.”
The transaction has been advised by IMAP, both the team in Sweden and in Spain (IMAP Albia Capital), being a clear example of the international reach and scope of this organization
ABOUT SVENSK TRYCKGJUTNING
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
ABOUT TEKNIA
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.
IMAP Sweden and Spain advised the seller throughout the process.
ABOUT IMAP Albia Capital
In the Automotive sector, IMAP Albia Capital has important recent references such as advising ALCORTA FORGING GROUP in the acquisition of the NEW BOSTON FORGE plant in the USA or the sale of Faurecia’s NFPP division to Calista Private Equity.
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