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Darekon has acquired the entire share capital of Swedish firm IHAAB Component Systems AB in Stockholm, following an agreement signed on the 6th of September. The company’s subsidiaries SMD Production AB and Kelab Systems AB are included in the transaction. The acquisition is part of Darekon’s planned strategy of international expansion.
SMD Production AB and its sister company Kelab Systems AB offer their customers electronics contract manufacturing. They specialize in the manufacture of medical equipment and industrial electronics.
The company’s turnover is about forty million SEK; its more than 20 employees operate in 1,000 square meters of space in Stockholm. It fits perfectly to Darekon. Right customer base and knowledgeable personnel.
The company’s operations will continue as before and the previous owner and CEO Peter Strömgren will continue as CEO for the time being.
The acquired company’s operations and cooperation with Darekon’s other plants will be developed on a long-term basis. The company’s skilled staff also bring more expertise and local knowledge to Darekon’s organisation. Darekon’s greater resources and good financial standing will also give the acquired company even better opportunities to grow and strengthen its position in the Swedish market.
“The Swedish market is interesting for us. Through the acquisition, our knowledge of the Swedish market will improve and we will learn more about the local supplier field, for example. We believe in the industry and want to move forward. This acquisition provides excellent support for our long-term growth strategy.” summarizes Darekon´s CEO Kai Orpo.
“When I was approached by Darekon in 2018 I immediately saw a great opportunity for SMD/ KELAB to be part of something much bigger. With the ambition and strength of Darekon and the platform that SMD/KELAB represents in Sweden I strongly believe that this will develop to be a successful combination in the Swedish market for contract manufacturing.” adds Peter Strömgren.