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.

Cipax Danmark – rotomoulder with a strong sustainability profile

With over 50 years of experience in rotational moulding, Cipax Danmark (formerly DRP) has a solid understanding of both specific customer demands and market requirements. With a focus on recycled plastics and bio-based materials, DRP offers solutions that help customers reduce their carbon footprints. This is particularly significant for the many industries where customers today demand solutions that combine high standards of functionality with sustainability benefits. DRP was acquired during spring of 2024 and the company adds both capacity, additional expertise and geographical expansion to the Cipax Group within the Industrial Products business unit.

IPS adds additional growth opportunities within service and aftermarket

As a part of Industrial Solutions since the acquisition in 2023, IPS contributes to the business unit's mission of delivering advanced automation solutions and services for the manufacturing industry. The company’s technical expertise and extensive experience in the can-making sector, expand the business unit’s capabilities, particularly in service, aftermarket, and training.