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  • AQ Group acquires Mecanova


    AQ Group AB has on April 3, 2018 signed an agreement to acquire 100% of the shares of Mecanova Oy ( in Nivala, Finland with the subsidiary Mecanova Oü in Pärnu, Estonia. The purchase price for the shares is EUR 1.1 million. The takeover will take place today.

    Mecanova group is a supplier of sheet metal and copper components for demanding industrial customers. The company has net sales of about EUR 17 million and employs about 160 people.

    "The purpose of the acquisition is to extend AQ’s customer base, to broaden our offering in sheet metal processing and copper component manufacturing and to obtain synergies with our current factory in Pärnu. Mecanova has a long history and the company fits well in AQ and it gives us presence in Finland.”, says Claes Mellgren, CEO of AQ Group

    “In Mecanova we see the deal as an enhanced opportunity for continued development of our units and an offensive way to meet the future. We look positively to being part of a financially strong international group as it brings increased opportunities to broadening and enhancing our offering to the customers and thereby strengthening our competitiveness”, says Jukka Koponen, CEO of Mecanova group.

    For further information contact:

    CEO, Claes Mellgren, telephone, +46 70 592 83 38
    CEO, Jukka Koponen, telephone +358 400 180667

    AQ in brief
    AQ is a leading supplier to demanding industrial customers and is listed on Nasdaq Stockholm’s main market. The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, striving to provide cost effective solutions in close cooperation with the customer. The Group headquarter is in Västerås, Sweden. AQ has, on December 31, 2017, in total about 5,100 employees in Sweden, Bulgaria, China, Estonia, Hungary, India, Italy, Lithuania, Mexico, Poland, Serbia and Thailand. In 2017 AQ had net sales of SEK 4.0 billion and the group has since its start in 1994 shown profit every quarter. AQ has the highest credit rating AAA according to Bisnode.

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  • See Mecanova's new Flyer


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  • Meet us at the Alihankinta 2015, Tampere


    Meet Mecanova at the Alihankinta 2015 Fair. The event will take place in Tampere, Finland from 15 to 17 September. You are welcome to visit us at our stand C 1258.

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  • Mecanova Oü's Opening Ceremony in Pärnu


    The official Opening Ceremony of Mecanova's new site in Estonia will be held today in Pärnu. 

    - Our customers have for a while asked us to start production Estonia. Many of them already operate here and emphasize the good business environment. Also the logistic benefits are obvious,  CEO and President Jukka Koponen said.

    At the moment Mecanova Oü has a total floor space of 4500 square metres. The number of professionals is now thirteen, and this will increase by ten when new assembly unit becomes operational.

    - Our intention is to grow our operations in Estonia. In five years the number of employees is estimated to be 100 and turnover level is expectd to be 17 million euros, mr. Jukka Koponen said.

    Production ramp-up was started two weeks ago and according to the plan site will be running at full capacity in October this year. Mr. Ilmar Seppenen started as production manager in the beginning of this year. 

    Mecanova Oü produces a wide range of sheet metal components where cabinet is the most typical product. The highlight of the site is the Pivatic line.

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  • Season Greetings


    We wish a joyous holiday season and successful New Year 2014 for Mecanova's customers, partners and employees worldwide.

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  • Mecanova to open a new plant in Estonia


    Mecanova to open a new plant in Estonia. Mecanova will open a new manufacturing unit in Pärnu, Estonia, in early 2014. The plant will primarily focus on assembly and will work in close cooperation with the company’s Nivala headquarters.

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  • Meet us at the Elmia Subcontractor 2013


    Mecanova at the Elmia Subcontractor 2013 Fair from 12 to 15 November. Mecanova will make an appearance at the Elmia Subcontractor 2013 Fair, which is directed at the Swedish market. The event will take place in Jönköping from 12 to 15 November. You are welcome to visit us at our stand, A03:32

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