Pressmeddelanden, rapporter och bolagsmeddelande för Teqnion AB

Teqnion has conducted a review of its goodwill, resulting in a goodwill impairment charge of 73 million SEK, affecting the financial results for the third quarter of 2025. This decision, based on IFRS standards, was due to the carrying amounts of goodwill in two subsidiaries, Reward Catering and Hem1, not being supported by future cash flows. Although this is a non-cash accounting adjustment and does not impact liquidity or operational capacity, it will negatively affect reported earnings and earnings per share for Q3 2025. Teqnion has initiated measures in the affected subsidiaries to improve annual earnings and cash flow by 18-24 million SEK, with partial effects expected in Q4 2025 and full effects in 2026. The company remains focused on profitability and sustainable long-term value creation. Teqnion's interim report for Q3 2025 is scheduled for release on October 18, 2025.

Teqnion AB is involved in legal proceedings concerning its subsidiary, Reward Catering Limited. Due to concerns about Reward Catering's operations, particularly regarding the certification of units sold, the board has petitioned the High Court of Ireland to appoint provisional liquidators. These issues originated before Teqnion took over management in March 2025. The liquidators will conduct an independent investigation under court supervision. Teqnion anticipates a significant impairment of goodwill affecting its Q3 2025 results, with the carrying amount previously at SEK 109 million. This impairment will negatively impact earnings but not cash flow. Teqnion's Q3 2025 interim report will be released on October 18, 2025. The company is committed to complying with legal processes and disclosure obligations.

Teqnion AB has acquired all outstanding shares of Norlin Polymers (UK) Limited, a specialist in technical polymers for medical and pharmaceutical applications. Founded in 1981, Norlin is based in Bolton and known for its customized polymer compounds. Jonathan Holland, who took over leadership from his father Norman Holland, will continue as CEO after the acquisition. Norlin has an average annual revenue of £2.5 million with strong margins. The acquisition is effective immediately and is not expected to significantly impact Teqnion's 2025 financials. Both companies express optimism about the future growth and shared values.

At the Annual General Meeting of Teqnion AB on April 23, 2025, several resolutions were passed. The income statement and balance sheet for 2024 were adopted, with profits carried forward and no dividends paid. The Board of Directors and CEO were discharged from liability for 2024. Board member fees were set, and BDO Mälardalen AB was re-elected as the auditor. Seven Board members were elected, including a new member, Helena Nathhorst. Guidelines for senior executive compensation were adopted, along with a warrant-based incentive program and a cash bonus program for key employees. The Board was authorized to issue shares, warrants, and convertible instruments to enhance financial flexibility and support potential acquisitions.

Teqnion AB has acquired all outstanding shares of MITAB i Forsbacka AB, a company specializing in cremation installations since 1995. MITAB provides advanced furnaces and related equipment across the Nordic region, along with project planning, consulting, and maintenance services. The company was developed by Matts Eriksson, with his son Lars Eriksson as the current CEO, who will continue to lead under the new ownership. Over the last three years, MITAB has generated approximately 65 MSEK in revenue with strong margins. The acquisition is effective immediately and is not expected to significantly impact Teqnion's 2025 fiscal financials. Teqnion is an industrial group that acquires niche companies for long-term development.

Teqnion AB has acquired all outstanding shares of Edurus Gravstenar AB, a Swedish market leader in the dimensioned stone industry, specializing in headstones and stone figurines. Founded in 1999, Edurus has strong ties with funeral homes and a growing direct-to-consumer channel. The company, with 15 employees, operates in Malung and Stockholm and is known for its quality and customer service. Katrin Larsson will remain CEO post-acquisition. The acquisition is a carve-out from Stone Supply Group AB and is effective immediately, with no significant financial impact expected on Teqnion's 2024 fiscal year.

The shareholders of Teqnion AB are invited to attend the Annual General Meeting on April 23, 2025, at Törngren Magnell & Partners Advokatfirma in Stockholm, Sweden. The notice of the meeting is available on Teqnion's website and will be published in The Official Swedish Gazette and Dagens industri on March 26, 2025. Shareholders must be registered with Euroclear Sweden AB by April 11, 2025, and must notify the company of their participation by April 15, 2025, either by mail or email. Shareholders with nominee-registered shares must register them in their own name by the record date. Proxies require a written power of attorney, and relevant documents must be submitted by April 15, 2025. The meeting agenda includes the election of the Chairman, approval of financial statements, and resolutions on various company matters including board elections, compensation guidelines, incentive programs, and authorization for issuing financial instruments. For more information, contact Johan Steene or Jonathan Alexandersson at Teqnion AB. Teqnion is an industrial group that acquires and manages niche companies, focusing on profitability and sustainable business relationships. Its shares are traded on the Nasdaq First North Growth Market.

Teqnion AB has acquired all outstanding shares of Thermasolutions International Limited, a company established in 2006 that specializes in energy-efficient refrigeration products for supermarkets, hospitality, and restaurants. Based in Northamptonshire, Thermasolutions serves both UK and international markets with clients including Wholefoods, Tesco, and Walmart. The company, known for innovation and energy efficiency, will continue to be led by CEO Tanup Patel, who will oversee its strategic growth following the acquisition. The transaction is effective immediately and is not expected to significantly impact Teqnion's 2025 financials. Teqnion is an industrial group focused on acquiring and developing niche companies with strong cash flows.

Teqnion AB has acquired all outstanding shares of Merridale Ltd., a leading UK commercial fuelling manufacturer known for its comprehensive range of fuelling equipment and systems. Established in 1994, Merridale has installations at over 5,000 sites in the UK, Ireland, Channel Islands, and the Netherlands, servicing around 400,000 vehicles daily. The previous owners, Paul and John, will continue to manage the company in Wolverhampton. Merridale has maintained an average revenue of £2.5M over the past three years with strong margins. Paul stated the acquisition ensures the business's long-term future as they approach retirement. Teqnion's CEO, Johan Steene, expressed enthusiasm about integrating Merridale's expertise in fuel management into Teqnion. The acquisition is immediate and is not expected to significantly impact Teqnion's 2025 financials. Teqnion is an industrial group focused on acquiring stable niche companies and is listed on the Nasdaq First North Growth Market.

Teqnion AB has agreed to acquire all shares in Awarded 2U Limited, a UK-based company specializing in custom-made awards for corporate clients. Awarded 2U, founded by Debbie Jackson in 2008, serves notable clients such as the Premier League and BBC. Jackson will remain CEO post-acquisition. The company's average revenue over the past three years is approximately £2.5 million with strong margins. Both Jackson and Johan Steene, CEO of Teqnion, expressed optimism about the partnership. The acquisition is effective immediately and is not expected to significantly impact Teqnion's 2025 financials. Teqnion is an industrial group focusing on acquiring niche companies with stable cash flows.