Tingstad AS acquires 60 % of the Swedish fasteners company Nordic Fastening Group AB

Tingstad AS is a leading Norwegian service partner providing fastening technology and fasteners to the Norwegian and international markets. Nordic Fastening Group is known for its broad expertise, high quality and excellent service, and supplies fastening technology and fasteners to the industry and concrete industry in the Swedish and Polish markets. The acquisition of Nordic Fastening Group AB strengthens Tingstad’s presence in Norway, Sweden, Poland and China.

- I am convinced that by joining forces with Tingstad, we strengthen the opportunity for further development of Nordic Fastening Group. In addition, we will be better equipped to meet growing customer needs in the Nordic and Polish market, says CEO Heikki Määttä in Nordic Fastening Group AB.

- Through Nordic Fastening Group we further develop our expertise and presence in the Swedish and Polish market, and we will emerge as a natural partner in fastening technology in the Nordic countries and Poland, says CEO Kenneth Lande Klokk in Tingstad. The combined group will continue its strong focus on high quality, excellent service and cost effective supply solutions.

Tingstad is a leading Norwegian supplier of fastening technology. The company has 100 employees in Norway and China and a turnover of 313 million SEK. For more information, see www.tingstad.no

Nordic Fastening Group is a leading Swedish supplier of fastening technology through its brands Bult & Fästteknik and Neofac. The company has 60 employees in Sweden and Poland and a turnover of 125 million SEK. Read more on www.bult-fast.se or www.neofac.com

IMAP advised the buyer throughout the process.