AQ Group has been selected to manufacture electrical distribution systems to Scania’s bus chassis
AQ Wiring Systems in Lithuania has been nominated by Scania to manufacture the complete electrical distribution system for the Scania bus chassis. The deliveries will start in the middle of 2019. The contract value is confidential but will be a good contribution for the group´s strive for organic growth from 2019 onwards. This means that AQ Wiring Systems confirms its leading position as the number one producer of electrical distribution systems for buses in Europe.
“This is a major milestone for AQ Group”, says Claes Mellgren, CEO of AQ Group. “This is the first time that we can start supplying wire harnesses to the Scania chassis. It confirms our belief that we can take market share by being Reliable in terms of delivery performance and quality.”
AQ Group is one of the leading manufacturers of electrical distribution systems globally for commercial vehicles with deliveries from subsidiaries in Europe, Mexico, India and China.
För further information contact:
CEO, Claes Mellgren, telephone, +46 70 592 83 38 or VP of Sales, James Ahrgren, telephone +46 76 052 58 88
AQ in brief
AQ is a leading supplier 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, Sweden. AQ has, on December 31, 2017, in total about 5,100 employees in Sweden, Bulgaria, China, Estonia, Hungary, India, Italy, Lithuania, Mexico, Poland, Serbia and Thailand.
In 2017 AQ had net sales of SEK 4.0 billion and the group has since its start in 1994 shown profit every quarter.
AQ has the highest credit rating AAA according to Bisnode.