Teknia, the Spanish multinational specialised in the manufacture of metal and plastic components for mobility, has acquired the Swedish company Svensk Tryckgjutning (“STG”) dedicated to the injection and machining of aluminium and magnesium products for safety and high precision parts for the steering and chassis environment. The acquisition is a strategic move by the company to further strengthen its capabilities in manufacturing components for new mobility solutions. Aluminium and magnesium injection and machining technologies, due to their better characteristics compared to other materials, are increasingly relevant for the manufacture of components for electric vehicles.

The Group reinforces its commitment to aluminium, a key material for electrification, and adds production capacity in magnesium injection moulding. With this purchase, the Spanish multinational adds 23 production plants and expands its presence to 13 countries.

STG is located in Vimmerby, in southern Sweden, with a good connection to Germany. The company recorded sales of close to EURO 20 million in 2022 and expects strong growth in 2023. The plant has a team of more than 100 people and its customers include major automotive OEMs and Tier-1 suppliers. Teknia has chosen Sweden because it has been a technological leader in aluminium and magnesium injection moulding for decades in Northern Europe, as reflected in the large number of aluminium and magnesium injection moulding companies located there. With this purchase, the Group now has 23 production facilities and a presence in 13 countries.

Teknia is a multinational Group specialising in the manufacture of mobility through metal and plastic components using a wide range of technologies. Founded in 1992 as a global supplier to the automotive industry, Teknia is now present in 13 countries, with 23 plants and more than 3,300 employees. The company's customers include the world's leading vehicle manufacturers as well as other Tier-1 suppliers to the industry. Teknia's turnover amounted to 324 million euros in 2021.

IMAP advised the seller throughout the process.