On 26 May, regional investment company Treac AB became a part owner of Garga Group AB. Together, the companies are strengthening their position as a value-creating ownership alternative for companies in Norrbotten and Västerbotten.
– We are looking forward to continuing our growth journey together with Treac, which will support our ownership group with both industry know-how and transaction experience, and which also shares our commitment to the business community in Norrbotten and Västerbotten. I am certain that Treac will help Garga Group continue its growth, with exciting new acquisitions in technology-intensive companies,” says David Stenlund, CEO and co-owner of Garga Group AB.
Joint investment in expansion
Garga Group AB, which is based in Umeå, will be the fifth investment within Treac’s operating segment Treac Industri and the companies envisage strong synergies between their respective business areas.
– Garga Group has considerable expertise in acquiring and developing technology-intensive companies. We see this as a strong complement to Treac Industri, which has traditionally focused on industrial production companies. Together, we have good geographical coverage and a wide range of resources for acquiring and developing companies throughout the region,” says Treac AB’s CEO Adam Ådin.
Garga Group invests in companies that have unique expertise within their industry. The company comes in as a part owner, preferably together with the management or founders of the company. Garga Group’s proactive initiatives add structure and long-term sustainable expertise to its holdings.
The portfolio currently comprises subsidiaries Gluetec AB and Dipolar AB. Gluetec develops and manufactures torque sensors at its own facilities in Sorsele and Piteå, while Dipolar develops microwave power units, primarily for customers within the environmental and food industry. Dipolar has its headquarters in Skellefteå.
Treac AB is a family-run investment company based in Skellefteå. Treac’s fundamental business concept is to acquire, own and develop companies and, through active and long-term ownership, work to strengthen their competitiveness and to achieve profitable growth.
The corporate group includes the majority-owned subsidiaries Treac Innovation AB, Zone Systems AB and Ambra AB as well as shareholdings in Railcare AB and Extena AB.