Teqnion AB has acquired all shares in Schill Reglerteknik Aktiebolag.
Teqnion AB is an industrial group that acquires stable niche companies with strong cash flows to develop and own them for the long term. The subsidiary companies are managed in a decentralized manner with support from the parent company. We operate in multiple industries with leading products, which provides us with resilience during economic fluctuations and solid industrial expertise. For us, it is essential to focus on profitability and long-term sustainable business relationships.
Teqnions shares, with the ticker symbol TEQ, are traded on the Nasdaq First North Growth Market.
Bengt Schill, will continue as a senior advisor and trainer at the company. John Forsell, who has been the CEO since 2022, will continue to lead the company towards the horizon.
“I believe that it will be great for us to be part of the Teqnion group. Even though we develop complex systems, it is important that we belong to a more protected setting. Teqnion is a safe harbor for us. It will be exciting to move forward together,” says Bengt Schill, founder of Schill Reglerteknik Aktiebolag
“Schill Reglerteknik is a product company with an established brand that delivers unique customer value. The company is driven by a fantastic group of people who are the best at what they do,” says Johan Steene, CEO of Teqnion.
The acquisition takes immediate effect and will have no impact on Schills business.
Schill Reglerteknik develops advanced measurement equipment for dynamic and static testing of weapon systems. The products are primarily used on naval vessels but also on certain land-based platforms. The company, located in Kista, sells its products directly or through distributors, primarily to defense forces around the world.