# AQ Group acquires Trafotek for EUR 28 million

AQ Group AB signed an agreement to acquire 100% of LTI Holding Oy and its subsidiary Trafotek Oy for EUR 28 million, expanding its inductive components business.

- Type: Acquisition
- Announced: 2019-04-29
- Where: Finland
- Value: $31.0M (28.0M EUR)
- Status: announced
- Products: reactors, transformers, filters, power electronics components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AQ Group](https://endata.com/companies/31782.md) (acquirer)
- [Trafotek](https://endata.com/companies/39101.md) (target)
- [LTI Holding Oy](https://endata.com/companies/39764.md) (target)
- [Intera Partners Oy](https://endata.com/companies/39765.md) (partner)

## Sources

- [news.cision.com](https://news.cision.com/aq-group/r/aq-group-ab-acquires-trafotek,c2798308), 2019-04-29: "AQ Group AB has on April 29, 2019 signed an agreement with Intera Partners Oy to acquire 100% of the shares of LTI Holding Oy with the subsidiary Trafotek Oy."
- [news.cision.com](https://news.cision.com/aq-group/r/aq-group-ab-s-acquisition-of-trafotek-is-completed,c2826475), 2019-06-03: "Solutions based on electricity will grow in importance and we look forward to be part of this development with our new and stronger business area for inductive components."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.