We are proud to announce the optimizing of our division into focused business areas. This strategic move not only enhances our efficiency but also aligns with our growth objectives. We have full confidence in Satu to serve as a key pillar in our future endeavors, supporting further growth and facilitating strategic acquisitions.
I am excited to take on this new position of VP Business Area Air Technology. By developing and promoting the success and growth of the Air Technology Business Area we will create value for both the companies and Dacke Industri. I am very happy to be part of building this business area's future.
With extensive experience in leading global organizations, Rikard brings highly qualified knowledge and expertise to benefit Optronic's growth and strategic initiatives. His ability to navigate complex markets and drive innovation will play a crucial role in steering our company toward new business opportunities.
I am excited to join Optronics as CEO and collaborate with such a dedicated team and our valued customers. I am committed to upholding the core values of Dacke Industri, and I look forward to driving our efforts not only to meet but exceed the expectations of our customers, partners, and stakeholders.
We are excited to announce the complete acquisition of the remaining shares in Hydroquip Hydraulics. This strategic move underscores our steadfast commitment to industry innovation and positions us for enduring growth and success. We will remain in operative positions to secure continuous sustainable development and the objective of continuing to strengthen the PMC footprint in India. Together, we capitalize on new opportunities, and deliver an increased value to our stakeholders.
Many years of collaboration with PMC Hydraulics Group have brought us immense benefits, thanks to their extensive global knowledge and experience, which have significantly enriched the value we deliver to our customers and employees. We are excited about the future and look forward to continuing as a stand-alone operation, owned by PMC Hydraulics Group 100%, anticipating many more opportunities ahead.
This partnership enables both companies to create more comprehensive and powerful solutions for our customers. With increased capacity for software development, the opportunities for innovation and the development of new digital solutions are enhanced. This will not result in any changes for customers, and both Flintab and Omnigon will continue to have the same contact people. I look forward to Omnigon as a part of Flintab.
By joining forces with Flintab, we gain the strength needed to grow and develop as a company. We have the opportunity to further enhance our products and services and respond to market needs in an even stronger way. We are very much looking forward to the collaboration and to working together with Flintab.
Complementary acquisitions to our divisions are central to Dacke Industri's strategy. With enhanced offerings that allow us to deliver more competitive solutions, this acquisition is poised to drive profitable growth. The acquisition of Omnigon by Flintab will create new opportunities and benefit customers in the Swedish market.
The acquisition of Airon Srl marks an important step in our growth strategy. It strengthens our presence in the European market and will speed up growth and expansion across the division. We are excited to welcome our new colleagues in Italy and look forward to sharing knowledge and experiences within our group.
Becoming part of a solid and reliable group like Dacke Industri makes us honored by choice and confident in future development due to the cooperation we can count on. Dacke Industri's team, made up of people who are committed and focused on their work but who do not neglect the human relationships that are the basis of mutual trust, makes the transition and future plan more precise and more fluid.
We are thrilled about this new subsidiary and its expanded opportunities to Fogmaker International. It will allow us to strengthen our presence further and better serve our valued customers in the region. It is a significant step towards achieving our vision of creating safer environments globally.
The investment in Brazil comes after we acquired Siveb Oy in Finland a few months ago. We are pleased to see Fogmaker International's strategic expansion and strong market positioning exemplified by the launch of Fogmaker Brazil LTDA, along with the exciting opportunities it brings in a new market. We look forward to the continued success and growth of Fogmaker International.
We are proud to reach this significant milestone in our company's history. Our team's hard work, dedication, and unwavering support of our customers and partners have made it possible. We look forward to continuing to serve our clients with the highest quality products and solutions for many more years to come.
We are grateful for the commitment and dedication of the people at Pimatic who have contributed to our success in delivering top-quality and custom pneumatic solutions. Moreover, we owe our achievements to our valued customers and partners, whose trust and collaboration have shaped our journey.
We are happy to welcome Johan Bjerstedt to the Fogmaker International team as our new Sales and Marketing Manager. Johan brings a wealth of experience and a proven track record in sales within the manufacturing industry. His expertise in the material handling field will benefit in driving our growth and success.
Strengthening the organization with Johan’s understanding of B2B sales and Lars assuming the role of CEO fully will open new possibilities for our expansion efforts and ensure the satisfaction of our customers worldwide. We will further solidify our position as a global leader in fire suppression systems for engine compartments and enclosed spaces as we continue to grow and achieve new milestones together.
We look forward to extending our footprint into the United States further and strengthening our industry-leading grinding machines and services closer to our valued customers. By joining forces with CNC North, we can provide even more development and covering support to the market.
We are happy to be a part of the strong company culture, quality products, and forward-thinking vision at UVA LIDKÖPING. This partnership promises significant benefits and opportunities, ensuring a successful future built on excellent service and innovation.
Corporate acquisitions are an essential part of Dacke Industri's growth strategy, and the acquisition of CNC North is a great fit that aligns perfectly with UVA LIDKÖPING's future vision for enhanced value-added customer service and growth. UVA LIDKÖPINGs performance over the last few years has been impressive, and we are excited about what we can achieve together with CNC North. We are convinced that the companies will strengthen each other going forward.
The acquisition of Völkel Mikroelektronik GmbH is a significant milestone for Dacke Industri. It supports our growth strategy and enhances our presence in the European market. We will also achieve even more remarkable progress by tapping into similar companies' extensive expertise and market presence within the Electronics division and Dacke Industri. Völkel Mikroelektronik's quality products, technical and application know-how, and customized solutions in close customer relationships generate many opportunities. With Völkel Mikroelektronik being a part of Dacke Industri, I look forward to seeing how we can develop and enhance our competitiveness and success.
As the company owner for roundabout 40 years, I have been fortunate to be a part of an incredible journey. I am delighted to have found a long-term owner in Dacke Industri that will enable and empower the company and its employees to continue this journey in the future.
By focusing on the key features, consistent development and simplification, we have created unique products. As we join forces with Dacke Industri, we can seize more opportunities and extend our presence in unexplored markets.
We are proud of Fogmaker International's acquisition and the strategic expansion it signifies. Fogmaker International's strong market position aligns perfectly with our growth ambitions. We are excited about the opportunities this acquisition brings and look forward to the continued success of Fogmaker International.
We are thrilled about the acquisition and its expanded opportunities to Fogmaker International. It will allow us to strengthen our presence further and better serve our valued customers in the region. The acquisition is a significant step towards achieving our vision of creating safer environments globally.
We are delighted to join the Fogmaker International family. We have known the company for a long time and know the excellent products as well as the company culture they represent. We will be able to provide our customers with even more innovative solutions and increased value. We are excited to embark on this new chapter and look forward to a successful partnership.
We are grateful to everyone who has contributed to this milestone. Thank you to all our customers, employees, partners, and the communities that have supported us. With your continued support, we remain committed to excellence and are proud of our sustainability efforts, testing and manufacturing all our products in Finland. As we look forward, we are enthusiastic about further years of growth, innovation, and success. We expect continued stable growth, and our next goal is a geographical expansion to strengthen Exertus' position as a leading innovative company by consistently offering groundbreaking products and solutions to the market.
Exertus' success is built on significant innovative skills, strong customer focus, high flexibility, and extensive application experience. The commitment and expertise of all employees are the foundation for delivering outstanding results and driving innovation forward. We look forward to the company's continued strong development.
We are immensely proud that our development work has resulted in this outcome. To be awarded gold status by EcoVadis means that we will be able to strengthen our position as a sustainable alternative for our customers and demonstrates that there is an attractive employer behind our brand.
This recognition highlights our commitment to sustainability and shows the efforts of our incredible team. It reflects our dedication to responsible business practices, environmental conservation, and social responsibility. We continue taking meaningful steps towards to create a better and more sustainable world for generations to come.
The acquisition of MecVel marks an important milestone in Dacke Industri´s history and is an important step to realize our strategy and strengthen our presence on the European market. By acquiring MecVel we can grow our team of skilled people with in-depth knowledge about the industry within our division.
With Dacke Industri's support, we can expand into new markets and achieve our goals for a prosperous future at Mecvel.
Our remarkable progress since 1987 has paved the way for even greater achievements. With our collaboration with Dacke Industri, we are poised to take advantage of fresh opportunities and expand our reach into exciting new markets.
We strive to phase out all potentially harmful substances and materials, and developing a new liquid free from PFAS chemicals has been a natural step in our sustainability work.
It is a great team to be a part of. The company's strong teamwork and passion for its work, the founder's ongoing interest, and pride in the company's achievements testify to Swedrive's success and longevity. We are grateful to our customers and partners who have supported us throughout the years, and we look forward to continuing to provide innovative solutions and great service for many more years to come.
The commitment to maintaining a local touch despite a global customer base highlights the company's dedication to quality and personalized service. We believe that our success lies in our ability to truly understand and meet the unique needs of every customer, no matter where they are in the world. Looking forward to continuing this tradition and many more years of serving our customers with the same dedication and commitment.
We look forward to welcoming Anders as the new CEO of PMC Cylinders. His vast experience from the automotive industry and in senior management, combined with his focus to develop and grow the business to create greater customer value, makes him an excellent fit for PMC Cylinders.
I am very excited to join PMC Cylinders to build further and lead the team to unlock the full potential of its business. I look forward to being a part of a division with other companies where we can enable each other within the group.
Mikael brings broad experience from the industry and a very successful track record within the company. He has a great mix of relevant experience and fresh new perspectives to take Polarteknik to the next level. He has been the company's Business Unit Manager for several years and been acting CEO from February 2023. I am pleased that he is the new Polarteknik's CEO. I am confident that his leadership will ensure that Polarteknik's transformation journey continues,
I am really pleased with the opportunity to take on the role of CEO for Polarteknik Oy. This is a company I know very well from being able to work in many of the different functions for many years. Polarteknik is a company with high-quality products for an extremely interesting market. Our employees know the products, and I am, of course, very proud to be able to lead this company into the future.
Positioning LIMAB more strongly in the European market is a strategic priority, and I am delighted to be able to announce Sören Reauter as the new Managing Director. We would also like to take the opportunity to thank Michael Karlsson for his hard work and contribution over the past years. We wish him the best of luck with his well-earned retirement.
I'm confident that Fredrik will lead Transtronic into a phase of further growth, exploring new markets internationally and developing our offering beyond our customers' expectations. I warmly welcome Fredrik as the CEO of Transtronic and look forward to the exciting journey ahead.
I would like to express my gratitude for the trust and confidence that has been placed in me, and I look forward to working with the talented and skilled team at Transtronic. I believe our success as a company will come from our ability to embrace change, adapt to evolving markets and customer needs, and stay ahead of the curve regarding emerging trends and technologies.
I warmly welcome Satu as the CEO of Pimatic. She will bring solid industrial and automation expertise to the company. With her experience, the company will take the following steps for growth, and she, with the team, can develop the company to be the best workplace. This change is an excellent step in the company’s journey. I am excited to be a part of this as the Chairman of Pimatic Oy and release my time to lead Air Technology and Electromechanics division at Dacke Industri.
I am excited to join Pimatic to work in close cooperation with both the professional staff and the customers of Pimatic. I look forward to further developing Pimatic as a leading applied pneumatics solution provider.
We are truly grateful for all the good work done by Mika to build a professional company with a great culture at Pimatic. Mika will ensure a smooth transition to Satu, allowing time for him to hand over his current responsibilities as CEO for Pimatic and now enter the role of Chairman of the Board and, and since November 2022, VP of Air Technology and Electromechanics. Satu is greatly welcome and the right person to continue the journey of Pimatic towards further development with strong growth and a clear strategy.
With Bengt-Erik onboard as CEO of Swedrive, we will continue to strengthen the relationship with our customers and partners and create further opportunities to increase the pace of organic growth. Through his previous experience and knowledge, we are strengthening our industrial competence where we create sustainable, profitable growth.
Swedrive has a unique competence and product mix, combined with a strong owner, so it will be exciting to become part of the team on the continued journey.
We sincerely thank Andreas for his contribution and welcome Lars to his new position! Lars is bringing valuable insights and experience to the company. We look forward to the journey ahead with Lars as CEO and new markets to explore going forward.