AQ Group AB (publ) (OM:AQ) signed an agreement to acquire Jit Mech Se Industri Aktiebolag from Jit Mech Se Förvaltning Ab and Monen AB for SEK 40 million on March 11, 2024. The purchase price consists of SEK 40 million in cash at closing plus an earnout based on the companies' earnings for the years 2024?2026. The companies have a consolidated turnover for 2023 of approximately SEK 130 million, an operating margin in line with the AQ average and have 75 employees.

Operations are conducted in Robertsfors and Örnsköldsvik. The transaction is subject to approval by the Swedish Supervisory Authority in accordance with the FDI Act and closing is expected to take place during the second quarter of 2024.