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Press release

Press release

ÅF acquires JämtTeknik AB

 
ÅF has acquired the technology consulting firm, JämtTeknik vid Storsjön AB, with just over 65 employees in Östersund, Sollefteå, Trollhättan and Gothenburg.
 
The cash purchase price amounts to SEK 10.5 million. The agreement also includes an additional purchase price based on profit trends over the next three years.
 
JämtTeknik, established in 1994, has produced high growth with excellent profitability in recent years. The company specialises in Integrated Logistics Support (ILS) with the focus on the automotive industry.
 
It has customers in both the military and civilian sectors, including some of the Nordic region's largest vehicle manufacturers. The company offers services primarily relating to technical analyses of systems, complete vehicles and units, from the initial development stage to final accomplishment.
 
The acquisition strengthens ÅF's Infrastructure Division as a leading service-provider in technical infrastructure. The division has the size and breadth to take customers from idea, through the feasibility study stage, systems requirements, construction and commissioning, and on to operation/maintenance. The acquisition brings the ÅF Infrastructure workforce in Scandinavia to approx. 1,000.
 
"JämtTeknik has an excellent reputation. It has formed long-lasting relationships with its clients, and has highly competent staff. The acquisition has broadened our scope within infrastructure to include ILS services. In addition, it makes us even better able to serve clients in the defence industry," says Åke Rosenius, Senior Vice President and Divisional Manager of ÅF Infrastructure.
 
"ÅF gives us access to a larger market, and to the large-scale infrastructure projects that are under way today. We are certain that we will soon start to see the benefits of our merger with ÅF," says Fredrik Westin, President of JämtTeknik.
 
The ÅF Group is a leader in technical consulting, with expertise founded on more than a century of experience. We offer highly qualified services and solutions for industrial processes, infrastructure projects and the development of products and IT systems. We are also one of the leading names in testing and inspection. Today the ÅF Group has more than 3,500 employees. Our base is in Europe, but our business and our clients are found all over the world.