AQ Group acquires Time 24
Today, May 11, 2026 AQ Group acquires 100% of the shares in Time 24 Holdings Ltd. that manufactures electrical cabinets and wiring systems to demanding industrial customers in the UK. The company has an annual turnover of approximately GBP 10 million, 150 employees and an operating margin below AQ average. Operations are conducted in Burgess Hill in the UK and Vizovice in the Czech Republic. The purchase price consists of GBP 1 in cash at closing and redemption of debts. The company’s net debt at closing is approximately GBP 4 million. The take over of the business will be done immediately.