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INDUSTRIAL | Machinery & Equipment
etab.nu

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Founded Year

1974

Stage

Corporate Majority | Acquired

Revenue

$0000 

About ETAB

ETAB is an industrial automation company in Sweden that provides products and services in hydraulics, linear technology, and pneumatics to industrial companies.

ETAB Headquarter Location

Slånbärsgatan 5

Vasteras, 722 23,

Sweden

+46 (0)21-41 90 88

Latest ETAB News

Momentum Group acquires ETAB Industriautomation AB

May 3, 2019

03/08 0 Message : *Required fields Momentum Industrial AB, a subsidiary in the Momentum Group, signed an agreement today to acquire 70 percent of the shares in ETAB Industriautomation AB (“ETAB”). The acquisition of ETAB, one of the leading industrial automation companies in Sweden, further strengthens Momentum Industrial’s position as the leading supplier of industrial components and related services to Swedish industry. ETAB generates annual revenue of approximately MSEK 45 with favourable profitability and has nine employees. Closing is scheduled to take place in June 2019. ETAB is one of the leading industrial automation companies in Sweden and provides high-quality products and services in hydraulics, linear technology and pneumatics to industrial companies in Sweden. The company has long-standing partnerships with leading manufacturers, such as Bosch Rexroth (hydraulics) and Aventics (pneumatics), and offers assembly, design and maintenance service. “ETAB is a well-established company with strong customer relationships with industrial companies across Sweden and dedicated employees with a high level of expertise,” says Ulf Lilius, President & CEO of Momentum Group. “The acquisition will enable Momentum Industrial to further strengthen its service level, know-how and availability – with respect to hydraulics, for example – for both new and existing customers, and we anticipate good opportunities for further development and growth.” In accordance with Momentum Group’s philosophy of decentralised business responsibility, ETAB will continue to operate as an independent subsidiary and competence centre within Momentum Industrial. “Tomorrow’s market will require the capability and resources for continuous development, which Momentum Group offers,” says Peter Carlsson, CEO and owner of ETAB Industriautomation. “At ETAB, we look forward to continuing our positive, long-term development together with our customers and suppliers – and with a new, strong owner and partner who shares our values and goals.” Closing is scheduled to take place in early June 2019. The acquisition is expected to have a marginally positive effect on Momentum Group’s earnings per share during the current financial year. Stockholm, 3 May 2019

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Expert Collections containing ETAB

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ETAB is included in 1 Expert Collection, including Advanced Manufacturing.

A

Advanced Manufacturing

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