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  • James Ahrgren

    CEO


    Regattagatan 29 72348 Västerås Sweden
    +46 760525888

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    AQ Group acquires mdexx magnetronics unit from Lafayette Mittelstand Capital

    AQ Group has on December 20, 2024, reached an agreement with Lafayette Mittelstand Capital to acquire mdexx inductive electronics GmbH, mdexx Magnetronic Devices GmbH, mdexx Magnetronic Devices s.r.o. and Michael Riedel, Transformatorenbau GmbH. The enterprise value is appr. 5 x EBITDA for fiscal year 2023 on a cash and debt free basis. Closing is expected in the first quarter 2025 pending governmental approvals. mdexx is a leading supplier in design and manufacturing of specialized inductive components such as

    Changes to AQ Group´s Nomination Committee

    On October 15, 2024, the Nomination Committee for AQ Group was made public prior to the Annual General Meeting 2025. According to the instruction for the Nomination Committee, changes in the Nomination Committee shall be made public as soon as such changes has occurred. The shareholder ODIN Fonder has today announced that Peter Nygren from today, will replace Hans Christian Bratterud as member of Nomination Committee for AQ Group. This, as Hans Christian Bratterud has decided to move on to new opportunities and leave ODIN Fonder. Nomination Committee for AQ Group prior to the Annual

    AQ Group has completed the acquisition of TechROi Engineering & TechROi Scandinavia

    AQ Group AB has today, October 31, 2024, completed the transaction of acquiring TechROi Engineering and TechROi Scandinavia, that develop and construct components and systems to demanding customers within vehicle, aerospace and gas turbine industry. With this acquisition, we strengthen AQ's competence in customer-oriented product development and prototype manufacturing. This, combined with AQ's factory network, gives us a stronger offering to our customers. When combining the TechROi companies with our own company AQ Engineering, we have more than 100 engineers in Sweden who work directly

    AQ Group AB (publ), interim report January - September, 2024

    Third quarter, July-September 2024 in brief · Lower sales and maintained profit margin · Net sales decreased by 9% to SEK 1,949 m (2,149)  · Operating profit (EBIT) decreased by 6% to SEK 188 m (201)  · Profit before tax (EBT) decreased by 9% to SEK 177 m (195)  · Profit margin before tax (EBT %) was 9.1% (9.1)  · Profit after tax amounted to SEK 146 m (172) · Cash flow from operating activities amounted to SEK 363 m (339) · Earnings per share before dilution amounted to SEK 1.60 (1.87) Nine months, January-September 2024 in brief · Net sales decreased by 5%

    Nominating Committee for AQ Group appointed

    According to the instruction for the Nominating Committee valid from the Annual General Meeting 2022 until further notice shall AQ Group's Nominating Committee consist of the four persons appointed by each of the four shareholders with the largest number of votes based on Euroclear Sweden AB´s ownership statistics as per the last day in August each year. Accordingly, the Nominating Committee has prior to the Annual General Meeting 2025 now been appointed and consists of the following members: · Björn Henriksson, representing Nordea Fonder · Hans Christian Bratterud, representing

    AQ Group acquires TechROi Engineering & TechROi Scandinavia

    On September 26, 2024 the subsidiary of AQ Group, AQ Engineering AB signed an agreement with TechROi AB to acquire 100% of the shares in TechROi Engineering AB and TechROi Scandinavia AB, who develop and construct components and systems to demanding customers within vehicle, aerospace and gas turbine industry. The companies had a turnover of SEK 55m in 2023, an operating margin below AQ average and have 38 employees. Operations are conducted in Trollhättan and Gothenburg. The purchase price consists of SEK 1 in cash at closing and a debt takeover of approximately SEK 30m. The transaction is

    AQ Group AB (publ), interim report January - June, 2024

    Second quarter, April-June 2024 in brief · Acquisitions in Robertsfors, Örnsköldsvik and England · Net sales decreased by 4% to SEK 2,254 m (2,345) · Operating profit (EBIT) increased by 9% to SEK 222 m (203) · Profit before tax (EBT) increased by 11% to SEK 218 m (195) · Profit margin before tax (EBT %) was 9.7% (8.3) · Profit after tax amounted to SEK 181 m (172) · Cash flow from operating activities amounted to SEK 301 m (177) · Earnings per share before dilution amounted to SEK 1.97 (1.86) Six months, January-June 2024 in brief · Net sales decreased by

    AQ Group acquires Rockford

    On July 10, 2024, AQ Group AB acquired and took over 100% of the shares in Rockford Components Limited, which manufactures and supplies wire harnesses and electromechanical systems to customers in the defense, aerospace, and general industries. The company had a turnover in 2023 of SEK 95 m, an operating margin below the AQ average and has 112 employees. The business is conducted in Rendlesham, Worksop and Salisbury in England. The purchase price consists of SEK 18 m in cash at the time of acquisition and an additional purchase price based on the company's results for the next 12 months, up

    Increased number of shares and votes in AQ Group AB

    During May 2024, the number of shares and votes in AQ Group AB (publ) increased from 18,294,058 to 91,470,290. The change is a result of the share split 5:1 resolved by the Annual General Meeting on April 18, 2024.     The Annual General Meeting, held on April 18, 2024, resolved that the number of shares in the company was to be increased by division of each existing share into five shares, share split 5:1. The share split was carried out in May 2024. As a result of the share split, the total number of shares has increased from 18,294,058 to 91,470,290 and the quota value of the share

    Timetable for share split in AQ Group AB

    Timetable for share split in AQ Group AB   The Annual General Meeting, held on April 18, 2024, resolved that the number of shares in the company is increased by division of each existing share into five shares, (share split 5:1). The AGM authorized the board to determine the record day for the share split. Today the board has resolved that the record day for the share split shall be May 21, 2024.   Timetable for the share split:   May 17, 2024  Last day of trading before share split.   May 20, 2024 First day of trading following share split.   May 21, 2024

    AQ Group has completed the acquisition of JIT Mech

    AQ Group AB has today, May 2, 2024, completed the transaction of acquiring JIT Mech. The new subsidiaries will be included in the business area Sheet Metal Processing, which supply subcontracting and engineering services for components and systems in steel, aluminum, and copper to demanding industrial customers. JIT Mech is a leading supplier of large and complex machined and welded components to customers in the electrification, forestry automation and defense industries. The companies have a consolidated turnover for 2023 of approximately SEK 130 million, an operating margin in line

    Resolutions made at the AGM 2024 in AQ Group AB

    Today, AQ Group AB (publ) held its Annual General Meeting (AGM) which, inter alia, elected the Board, adopted the 2023 annual accounts, granted the Board and the CEO discharge from liability, and resolved on authorization for the Board to decide on a new issue of shares, a warrant-based incentive program, amendment of the articles of association, and on a share split. The AGM also resolved that dividends shall be paid and that the Board’s remuneration report for 2023 is approved.   At the meeting, 60,97 percent of the total amount of shares and votes in the company were represented.

    AQ Group AB (publ), interim report January - March, 2024

    First quarter, January-March 2024 in brief   · Higher delivery precision and productivity improves profitability · Net sales decreased by 1% to SEK 2,225 m (2,253) · Operating profit (EBIT) increased by 15% to SEK 223 m (194) · Profit before tax (EBT) increased by 20% to SEK 221 m (184) · Profit margin before tax (EBT %) was 9.9% (8.2) · Profit after tax amounted to SEK 185 m (159) · Cash flow from operating activities amounted to SEK 244 m (225) · Earnings per share before dilution amounted to SEK 10.06 (8.61) · Equity ratio was 64% (55) · The Board of

    AQ Group finalizes the acquisition of JIT Mech

    AQ Group AB signed on March 11, 2024, an agreement 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 transaction is subject to, and conditioned by, declaration to The Inspectorate of Strategic Products (ISP), in accordance with the FDI Act (Foreign Direct Investment). ISP, has now decided that no further action is required according to FDI Act, hence AQ Group can now finalize the acquisition of JIT Mech. The closing is planned to take place during second quarter 2024. JIT Mech is a leading

    AQ Group AB (publ) publishes Annual Report 2023

    AQ Group AB (publ) publishes today the Annual Report for 2023 at the Groups´ website. The Annual Report in Swedish in pdf, as well as an English translation are available at:  https://www.aqgroup.com/en/investor/financial-information/annual-reports . The Swedish Annual Report is also available in European Single Electronic Format (ESEF) on the Group’s website. This disclosure contains information that AQ Group AB is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was

    Annual General Meeting in AQ Group AB (publ) on April 18, 2024

    Notice of Annual General Meeting of AQ Group AB (publ) The shareholders of AQ Group AB (publ), reg. no. 556281–8830, (”AQ” or the “Company”), are hereby given notice of the Annual General Meeting on Thursday, 18 April 2024 at 18.00 atKonserthuset, Kopparbergsvägen 1, in Västerås. Registration to the meeting will open at 17.30. Participation in the meeting Shareholders who wish to attend the meeting shall: · be recorded as a shareholder in the shareholder register maintained by Euroclear Sweden AB at the record date Wednesday, 10 April 2024, and · give notice to the

    The Board of AQ Group proposes that the Annual General Meeting 2024 decides on a share split 5:1

    The Board of Directors of AQ Group AB has decided to propose that the Annual General Meeting 18 April 2024 resolves to divide each share into five shares (Share split 5:1) and thereby increase the number of shares five times. The purpose of the division of shares is to achieve an appropriate number of shares for the company. The complete proposal will be included in the notice to the Annual General Meeting 2024, which will be published this day. __________________________________________________________________________________________ For further information, please contact:

    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

    AQ Group AB (publ): Year-end report 2023

    Fourth quarter, October-December 2023 in brief   · Strong cash flow and the board proposes a doubled dividend · Net sales increased by 12% to SEK 2,221 m (1,974) · Operating profit (EBIT) increased by 30% to SEK 193 m (148) · Profit before tax (EBT) increased by 33% to SEK 182 m (137) · Profit margin before tax (EBT %) was 8.2% (6.9) · Profit after tax amounted to SEK 134 m (134) · Cash flow from operating activities amounted to SEK 239 m (140) · Earnings per share before dilution amounted to SEK 7.32 (7.27)   Full year 2023 in brief   · Net sales

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