JIT Mech is a leading supplier of large and complex machined and welded components to customers in the electrification, forestry automation and defense industries. The companies have a consolidated turnover for 2023 of approximately
"The purpose of the transaction is to expand AQ's customer base and to broaden our offering in metalworking and welding as well as to grow in our strategic areas of electrification and the defense industry. JIT Mech has a long history and the company's culture, and entrepreneurial spirit fits perfectly into AQ. JIT Mech is facing a strong growth phase and we expect to invest further in the business over the next three years", says AQ's CEO
"From JIT Mech's side, we see the deal as an enhanced opportunity for continued good development of our units and an offensive way to meet the future. We are positive about being part of an international group as it provides increased opportunities to broaden and strengthen our offerings to our customers and thereby strengthen our competitiveness," says JIT Mech's CEO Per Lindqvist.
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For further information, please contact:
CEO and IR, James Ahrgren, tel. +46 76 052 58 88 or CFO,
This disclosure contains information that
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AQ is a global manufacturer of components and systems to demanding industrial customers and is listed on Nasdaq Stockholm's main market.
The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, striving to provide cost effective solutions in close cooperation with the customer.
The Group headquarter is in Västerås,
In 2023 AQ had net sales of
www.aqgroup.com
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