Eitrium acquires Ilmeg Products AB, a manufacturer of dust collectors
Eitrium has acquired all shares in Ilmeg Products AB, a world-leading Swedish manufacturer of dust collectors, primarily for the mining industry. The sellers Magnus and Marie-Louise Eriksson have - via their company Granitstenen Förvaltnings AB - reinvested part of their purchase price in Eitrium and will continue to operate Ilmeg Products AB.
Ilmeg is one of few manufacturers in the world of dust collectors intended for use especially in rock drilling. The Nyköping-based company was founded in 1971, and has since 2005 been owned by the current owners who with great success have developed the company into a market leader with its niche product with well-established customers around the world. The dust collectors have a patented technology that enables cleaning of the filter in dust collectors during use, which creates a more efficient way of working for the mining and construction industry. In 2021, the company had sales of approximately SEK 34 million and generated an EBITDA of approximately SEK 10 million.
“Ilmeg is an incredibly niche and innovative product company in a stable market driven by the growing need for metals, where the owners has embarked on a fantastic journey and we are incredibly happy to be able to support Ilmeg in its continued development. I am extra pleased that Magnus and Marie-Louise have chosen to invest part of their purchase price and will continue to run the company as partners in Eitrium.” says John Eriksson, Investment Manager at Eitrium.
“In addition to an increased demand for metals, Ilmeg is driven by increased environmental requirements worldwide, which enables new, exciting areas of use for our products. With Eitrium as the new long-term owner, we can ensure that we take advantage of all our opportunities and thereby further strengthen our position. Becoming a partner in Eitrium and being able to run the business while maintaining our culture and strengthened resources is very exciting.” says Magnus Eriksson, CEO of Ilmeg Products AB.
Read more about each company www.ilmeg.se and www.eitrium.com.
For questions, please contact:
John Eriksson, Investment Manager at Eitrium, john@eitrium.com, 076-118 44 33
Magnus Eriksson, CEO of Ilmeg Products, magnus.eriksson@ilmeg.se, 070-550 82 31
About Eitrium
Eitrium is a diversified nordic group that invests in established product companies in niche markets. Our vision is to create the safest port for small and medium-sized entrepreneurial companies with market-leading products.