AQ Group acquires JIT Mech
AQ Group AB has on March 11, 2024 signed an agreement with JIT Mech se Förvaltning AB and Monen Holding AB to acquire 100% of the shares in JIT Mech se Industri AB with the subsidiaries JIT Mech i Robertsfors AB and JIT Mech i Örnsköldsvik AB. The purchase price consists of SEK 40 million in cash at closing plus an earnout based on the companies' earnings for the years 2024–2026. The transaction is subject to approval by the Swedish Supervisory Authority in accordance with the FDI Act and closing is expected to take place during the second quarter of 2024. JIT Mech is a leading supplier