Press releases

Momentum Group has today signed an agreement to acquire 100 per cent of the shares in Helsingin Kumi Oy. Helsingin Kumi is a leading specialist in customized rubber products and rubber profiles for industrial customers in Finland. The closing will take place immediately and the acquisition is expected to have a marginal positive impact on

Momentum Group is introducing a new Group structure for continued growth, profitability and development. The change strengthens the conditions for organic and acquired growth in each business area by making better use of the breadth and expertise that has been built up in the Group since the listing last year. “Since the spin-off in March

Momentum Group has today signed an agreement to acquire 100 per cent of the shares in Swerub AB. Swerub is the market leader in Sweden in advanced custom-made rubber products for industry. The closing will take place immediately and the acquisition is expected to have a marginal positive impact on Momentum Group's earnings per share

Momentum Group has today, through its subsidiary Processkontroll Items (iTEMS), signed an agreement to acquire 100 per cent of the shares in WEH Sverige AB. WEH Sverige is a specialist in CNG/Hydrogen refueling components and gas detection. Closing is expected to take place at the end of November and the acquisition is expected to have

Momentum Group has today, through its subsidiary Börjesson Pipe Systems AB (BPS), signed an agreement to acquire 70 percent of the shares in Cobalch ApS. Cobalch is a specialist in pipeline accessories for different types of media and the acquisition complements BPS's offering. The closing will take place immediately and the acquisition is expected to

Momentum Industrial – a part of Momentum Group, is expanding its operations in Norway by establishing a new unit in Kristiansand with sales, technical expertise and local warehousing. The establishment strengthens Momentum Industrial's market position as the Nordic region's leading supplier of industrial components and related services with a focus on sustainability. This is the

The Group’s operations delivered favourable sales growth, with organic growth of 8% in the quarter. Acquired businesses contributed to this growth, and the Group’s revenue increased by a total of 45% year on year. Revenue growth, combined with effective cost control, led to a 40% increase in EBITA compared with the same quarter last year.

Momentum Industrial – a part of Momentum Group, has now opened its new unit in Kiruna with sales, technical expertise and local warehousing. The establishment strengthens Momentum Industrial's market position as the Nordic region's leading supplier of industrial components and associated services with focus on sustainability. “Major investments in the region create many new opportunities

The Chairman of the Election Committee has received a request from Mattias Montgomery, nominated by Carnegie Fonder, that he wishes to resign from the Nomination Committee prematurely. After consideration and in accordance with the Election Committee’s instructions, the Election Committee has decided not to appoint a replacement for Mattias Montgomery, as the remaining members together

Mekano and Carl A merge and form the leading workshop of southern Sweden for repairs and sales of industrial components. As of January 1, 2024, a merger will be made between Carl A Nilssons Elektriska Reparationsverkstad and Mekano AB. This means that Carl A's operations will move to Mekano's premises at Gåsebäck in Helsingborg and

Momentum Group has today signed an agreement to acquire 80 percent of the shares in Conclean AB. Conclean has a market-leading niche position in Sweden within products for water purification. The closing is expected to take place in September and the acquisition is expected to have a marginal positive impact on Momentum Group's earnings per

A continued healthy sales performance in the existing operations, combined with acquisitions, contributed to a revenue increase of 23 per cent during the second quarter compared with the previous year, of which 7 per cent was attributable to comparable units. Two companies were acquired during the quarter, adding combined annual revenue of approximately SEK 370

Momentum Group has today signed an agreement to acquire 100 percent of the shares in Regal A/S. Regal is a specialist in solutions in transmission, electrical automation and control with an established market position in Denmark. The closing will take place immediately and the acquisition is expected to have a marginal positive impact on Momentum

Momentum Group has today signed an agreement to acquire 100 percent of the shares in Processkontroll Items AB ("Items"). Items has a leading niche position in instrumentation for demanding operating conditions for customers in the process, gas, biogas, pharmaceutical and manufacturing industries. Closing is expected to take place in July 2023 and the acquisition is

Momentum Group continues its expansion and has today signed an agreement to initially acquire 93.7 percent of the shares in Askalon AB from the founding Warnqvist family. The remaining shares are still owned by the company's CEO Mats Warnqvist. Askalon had sales of SEK 317 million in 2022 and has a leading position in advanced

The following resolutions, among others, were passed at the Annual General Meeting of Shareholders (the “Meeting”) and subsequent statutory Board meeting in Momentum Group AB (publ) (the “Company”) held today, 9 May 2023: Adoption of the income statements and balance sheetsThe Meeting adopted the income statement and balance sheet for the Company as well as

Continued high levels of customer activity, favourable demand and acquisitions all led to an increase in revenue of 26 per cent in the first quarter compared to the previous year, including 10 per cent attributable to comparable units. Growth combined with good cost control led to increased margins and an increase in EBITA of 36

Momentum Group’s Annual and Sustainability Report 2022 has been published and is now available on the Group’s website. – Our first year as an independent company was marked by the prevailing turmoil in the market. I am therefore particularly proud that our operations continued to perform so well and displayed an ability to adapt to

The shareholders in Momentum Group AB, corporate registration number 559266–0699 (“Momentum Group” or the “Company”), are hereby convened to the Annual General Meeting of Shareholders at 16:00 on Tuesday 9 May 2023 at Helio, Grev Turegatan 30, Stockholm. Registration for the Meeting will commence at 15:30. NOTICE OF PARTICIPATIONShareholders who wish to participate in the

Momentum Group has today signed an agreement to acquire 100 percent of the shares in Agera Industritillbehör AB. Agera is a supplier-independent retailer of components and services to industrial customers. Through the acquisition, Momentum Group further strengthens its position as the leading supplier in the field. Closing takes place immediately and the acquisition is expected

Momentum Group has today, through its subsidiary Momentum Industrial, signed an agreement to acquire 100 percent of the shares in LocTech AB. LocTech is a comprehensive supplier of seals for rotating and static applications, and the acquisition strengthens Momentum Industrial's position in the field. Closing is expected to take place 1 March and the acquisition

Momentum Group concluded its first year as a listed company with favourable sales performance combined with increased earnings. Revenue increased by 23 per cent, of which 11 per cent for comparable companies, and EBITA rose by 19 per cent compared with the fourth quarter last year. This growth was the result of structured improvement efforts

Momentum Group has today signed an agreement to acquire 70 percent of the shares in Hydmos Industriteknik AB (“Hydmos”). Hydmos has a leading position in advanced hydraulic and gas systems for use within high pressure applications. Closing is expected to take place in February 2023 and the acquisition is expected to have a marginal positive