Momentum Group AB (publ) (OM:MMGR B) is looking for acquisitions. Niklas Enmark, Executive Vice President and Chief Financial Officer said "Then some comments on the business area, Components & Services. As we have mentioned before, the main focus for the business area is to operate development growth through acquisitions. We are looking for companies working within industrial components as well as industrial services in 3 main focus areas: acquisition targets should be able to achieve long-term sustainable profitability and growth and have committed and proven management with the willingness to improve in a digitalized environment based on simplicity. Based on this strategic focus, we have so far been able to add 5 interesting businesses with niche competencies and offerings in industrial services as well as industrial components and with a total turnover over SEK 300 million this last year. Beyond the work with the listing that we are extremely focused on right now, then, of course, we are focused on developing our companies through active ownership with the group resources as well as support the local managers to grow through, as said, decentralized responsibility and then enable employee development in order to calculate each company. We also want to grow through acquisitions and, of course, of sustainable companies, and the acquisition of the pipeline continues to look interesting for further development. And we continuously work to meet more and more companies in the Nordic area".
Alligo AB, formerly Momentum Group AB is a Sweden-based reseller of industrial consumables and components, as well as service and maintenance to professional end users in the industrial and construction sectors in Sweden, Norway and Finland. The Company comprises four operating sectors, which are organized under two business areas: Tools, Supplies, Workwear & Protection as well as Components & Services. The first business area comprises UNIVERN AS, TriffiQ Foretagsprofilering AB, Swedol AB (publ) and Mercus Yrkesklader AB. The business has focus on the sale of tools, personal protective equipment and other consumables to the industrial and construction markets. The second business area comprises Momentum Industrial AB and Obergs i Karlstad AB, among others, which focus on the sale of spare parts for production and workplace equipment mainly to customers within industrial sector.