Acquisitions

Profitable growth through acquisitions

Acquisitions form an essential part of our growth strategy. Each new company brings a unique perspective and technological expertise, strengthening our combined offering. By preserving our entrepreneurial spirit and investing in long-term development, we create the conditions for both growth and innovation. 

Our acquisition model focuses on identifying and nurturing businesses with strong momentum, unique technologies, and innovative ideas. By integrating these into our business units, we ensure the continued success of both the individual companies and the Group. Collaboration between the Group's entities creates business opportunities that strengthen the business as a whole and increase our ability to achieve our vision of being a 
market leader in sustainable business.

Since the 1980s, close to 70 companies and businesses have been acquired, which complement, add technical expertise or provide access to new market segments.

In order to streamline the business, provide further scope for larger units to develop and also create added value for the shareholders, two operations have been spun off: ITAB Shop Concept in 2004 and AGES in 2014, now listed separately on Nasdaq Stockholm and First North respectively.

XANO's acquisition model

Potential acquisitions are assessed based on how well they align with XANO's values and their potential to add business opportunities in one or more strategic areas: complementary offerings, geographical expansion and sustainable businesses. 

A third crucial aspect in the evaluation of potential acquisitions is how the operations fit into the intended business unit and can contribute to its long-term value creation.

The Group's latest addition, Dansk Rotations Plastic (DRP), which has been part of the Industrial Products business unit since April 2024, adds valuable expertise and capacity in the production of polymeric materials. Its own product range complements our current one, and its sister companies are given access to new markets where DRP is a market leader. With its focus on recycled and bio-based plastic materials, DRP is also an important resource to strengthen the business unit's innovation power and ability to meet future material challenges.

Graniten - sustainable business through modular solutions

During the first half of 2024, XANO acquired Graniten Engineering, a leading provider of high-tech automation solutions for customers primarily within pharmaceuticals and medtech across Europe. Based in Sweden, Graniten develops advanced systems that combine innovation and quality to meet a global industry’s growing demands for efficiency, traceability and sustainability.

Lundgren Machinery complements the Industrial Solutions business unit

Lundgren Machinery was acquired in 2023 to complement the operations within Industrial Solutions by adding adjacent technical skills and introducing new market niches. The acquisition means that the business unit's area of expertise is further broadened, and that Lundgren Machinery is given access to resources providing enhanced opportunities to develop its unique strengths.