Despite tariff and stock market turmoil, takeover bids have continued to roll in on the Stockholm Stock Exchange, with Fortnox as the biggest player and Projektengagemang as the latest target. EFN Finansmagasinet has reviewed the latest acquisitions and lists five new bid candidates. Martin Blomgren writes about this in an analysis on Tuesday.

The takeover candidates are as follows:

* Biogaia: Probi, an industry colleague in beneficial bacteria for the gut, was recently acquired, and Biogaia underwent an interesting change of ownership in the spring when founders Rothschild and Annwall sold their stake to Switzerland-based Anatom Holding, which is wholly owned by the Kahane family.

* CTT Systems: The aircraft humidity control company is heavily dependent on Boeing and Airbus and has erratic profitability. Swiss competitor and partner Liebherr is being touted as a possible buyer.

* Duni: Major shareholder Mellby Gård, owned by the Andersson family, may be interested in acquiring the entire company. Mellby Gård previously bought Kappahl from the stock exchange.

* Evolution: Low-valued profits and cash flows, but also a sector that many institutional owners avoid for ESG reasons. Cayman Islands-based billionaire Kenneth Dart is now the largest owner and may be interested in making a bid.

* Scandi Standard: Interesting ownership structure with Portuguese major shareholder Grupo Lusiaves, the Qviberg family with investment company Öresund, and Lantmännen. This could end with someone making a bid for the company.