Proven ability to successfully complete and integrate acquisitions
Momentum Group has successfully completed many acquisitions since 2004 and is today a group that , together constitute one of the Nordic region’s leading suppliers of industrial components, industrial services and related services to the industrial sector.
2004
Momentum Industrial acquired – focus on industrial components
In the spring of 2004, Momentum Industrial was acquired, which was already one of the largest distributors of industrial components and related services to Swedish industry. The acquisition was part of the effort to provide Nordic industry with profitable solutions, including related to industrial components. A few years earlier, in 1998, the Danish company JNF had been acquired with partly the same focus.
2008-2017
Increased focus on electromechanical service
The investment in electromechanical services for Swedish industry began with the acquisition of Rörick Elektriska Verkstad in 2008. In 2015, Carl A. Nilsson El. Rep. Verkstad was acquired, followed by Arboga Machine Tool in 2017, with the latter being integrated.
2016
Momentum Group is formed
The then Momentum Group was formed in April 2016, when B&B TOOLS introduced a new organisation with two operating segments, in order to create even better conditions for increased growth and profitability
2017
Momentum Group is spun off and listed
In June 2017, the then Momentum Group was listed on Nasdaq Stockholm.
2018
Momentum Industrial bolsters its position in Sweden
Momentum Industrial acquired Brammer Sweden's MRO business through a business transfer.
2019
ETAB is acquired
Through the acquisition of ETAB Industriautomation, the position in industrial hydraulic solutions was further strengthened.
2020
The Components & Services business area is created within the then Momentum Group
With the acquisition of the listed Swedol, the Momentum Group had grown to almost SEK 10 billion in turnover with 2,700 employees. To further promote growth and profitability, the two (2) business areas Alligo and Components & Services were created and the legal structure is being prepared for a future split of the Group.
2020
Rörick grows through acquisitions
In 2020, a service business was acquired from SKF, followed by the acquisition of Assemblin El's workshops (formerly NEA workshops) in 2021.
2021
Acquisition of four independent companies
In 2021, Mekano, Mekano i Sävedalen and Intertechna were acquired within technical service, while the acquisition of Öbergs strengthens the position in pneumatic solutions.
2021
The Components & Services business area becomes Momentum Group
In December 2021, the parent company Momentum Group changed its name to Alligo while the parent company of the Components & Services business area changed its name to Momentum Group.
2022
New Momentum Group listed at Nasdaq Stockholm
Momentum Group was spun off from Alligo and was listed on the Nasdaq Stockholm Main Market on 31 March 2022. During 2022, Momentum Group acquired the specialist companies HNC Group, BPS and Jokrab and Mytolerans in technical service.
2023
Focus on continued growth
During 2023, Momentum Group carried out 11 acquisitions, with combined annual revenue of nearly SEK 610 million.
Momentum Group has its origins in Bergman & Beving, with a history spanning more than a century.
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1. Bergman & Beving (founded 1906) 2. Addtech, B&B TOOLS and Lagercrantz Group (spin-off 2001) 3. Addlife (spin-off 2016) 4. Momentum Group and Bergman & Beving (spin-off 2017) 5. Alligo "old" Momentum Group (2021) 6. "New" Momentum Group (spin-off 2022) |
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