Teknia, the Spanish multinational specialising in metal and plastic components, has acquired Swedish company Svensk Tryckgjutning which injection moulds and machines aluminium and magnesium steering and chassis products.
“The acquisition is a strategic move by the company to further strengthen its capability in manufacturing components for new mobility solutions,” Teknia said in a statement.
“Aluminium and magnesium injection and machining technologies, due to their better characteristics compared to other materials, are increasingly relevant for the manufacture of components for electric vehicles.”
The plant is in Vimmerby, in southern Sweden, with a good connection to Germany. Svensk Tryckgjutning recorded sales of close to SEK20m in 2022 and expects strong growth in 2023. The plant has 100 workers and customers include major automotive OEMs and Tier 1 suppliers.
Teknia chose Sweden because it has been a technological leader in aluminium and magnesium injection moulding for decades in Northern Europe, as reflected in the large number of companies located there.
With this purchase, the group now has 23 factories and a presence in 13 countries.
Aluminium capacity added, magnesium incorporated
Teknia Vimmerby, as the Swedish plant will be called, reinforces the strategy in aluminium technology, a key material in electrification due to the need to make vehicles lighter. The new plant becomes the froup’s fourth with aluminium injection technology and joins existing plants in Ampuero (Spain), Oradea (Romania) and Tepeji del Río (Mexico). The plant also adds magnesium injection technology to the group’s multi technology capabilities.
Javier Quesada de Luis, Teknia managing director, said: “The acquisition of this plant in Sweden is part of our strategy to increase our production capacity in a booming technology such as aluminium injection moulding, while incorporating a new, highly specialised technology, magnesium injection moulding. We continue to look for opportunities in Europe and America to continue growing and positioning ourselves as a benchmark company thanks to our multi-material offer.
“This acquisition complements our strategy, which is currently focused on incorporating industrial groups. With this new plant in Sweden we are adding to our perimeter a factory that provides a differential value through a highly specialised technology with great potential.”
