Momentum Group acquires Logicsystem – strengthens position in industrial automation

“Logicsystem is a well-managed specialist company that is an excellent fit with Etab’s operations. The companies have complementary product offerings and customer relationships, and the acquisition will broaden Etab’s offering while adding valuable expertise in industrial automation. This creates good opportunities to develop the businesses together,” says Anders Larsson, Head of the Specialist business unit at Momentum Group.

Founded in 1973, Logicsystem supplies components and systems for industrial automation, with a focus on pneumatics, screw technology and linear motion technology. The company offers a broad range of products and automation solutions, as well as technical expertise in design, documentation and product customisation. Its customers are primarily within Swedish industry. The company operates from Borås, Sweden, and generates annual turnover of approximately SEK 20 million with five employees.

“We see significant opportunities to further develop Logicsystem as part of Etab and Momentum Group. By combining our specialist expertise and customer relationships with Etab’s broad offering, we will be well positioned to strengthen our market position and create additional value for our customers,” says Roland Kjellin, Managing Director and co-owner of Logicsystem.

Closing is expected to take place at the end of November, and the acquisition is expected to have a marginal positive impact on Momentum Group’s earnings per share during the current financial year.