Teqnion AB, a prominent industrial group listed on the Nasdaq First North Growth Market, has announced the acquisition of all outstanding shares in UK Lanyard Makers Ltd (UKLM). Founded in 2015 and based in Dunshold, UK, UKLM specializes in designing and producing lanyards for clients who require high-quality, reliable products for major events, business fairs, and product launches.

UKLM has built a strong reputation in the niche market for its design quality, delivery accuracy, and overall reputation. Over the years, founders Kevin and Jennifer, along with their dedicated team, have established a robust company that continually strives to improve its operations. Despite the challenges posed by the Covid lockdowns, UKLM managed to generate approximately £1.3 million in revenue over the last three years, maintaining robust margins.

Kevin and Jennifer expressed their enthusiasm about joining the Teqnion family, noting the shared values and the opportunity to learn and contribute to the group's growth. "We're very happy to join the growing Teqnion family as we have the same values as Daniel and Johan when it comes to people and business. The opportunity to learn from the group and add to its value is really exciting," they said.

Teqnion's CEO, Johan Steene, also shared his excitement about the acquisition, likening UKLM to "Santa's workshop" due to its remarkable efficiency and passion for delivering customer value. Andrew Dodd from KBS Corporate, who represented the vendors in the transaction, echoed these sentiments, wishing both parties the best for the future.

The acquisition is effective immediately and is not expected to have a significant impact on Teqnion's financials for the 2024 fiscal year. This acquisition is Teqnion's seventh outside of Sweden and its sixth in the UK, highlighting the company's ongoing strategy to expand its portfolio of stable niche companies with strong cash flows.

Teqnion AB operates in various industries with leading products, providing resilience against economic fluctuations and solid industrial know-how. The company's decentralized management approach allows its subsidiaries to operate independently while receiving support from the parent company. Teqnion focuses on profitability and long-term sustainable business relationships, making it a reliable player in the industrial sector.

Given the strategic fit and growth potential, investors might consider this acquisition a positive move for Teqnion AB. The company's track record of successful acquisitions and its focus on niche markets with stable cash flows suggest a promising future.