# Momentum Group acquires 70% of ETAB Industriautomation

Momentum Industrial AB, a subsidiary of Momentum Group, signed an agreement to acquire 70% of the shares in ETAB Industriautomation AB, a Swedish industrial automation company. The acquisition is scheduled to close in June 2019.

- Type: Acquisition
- Announced: 2019-05-03
- Where: Sweden
- Status: announced
- Products: hydraulics, linear technology, pneumatics
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Momentum Group](https://endata.com/companies/7581.md) (acquirer)
- [ETAB Industriautomation](https://endata.com/companies/39288.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/alligo-ab--publ-/r/momentum-group-acquires-etab-industriautomation-ab,c2974385), 2019-05-03: "The acquisition of ETAB, one of the leading industrial automation companies in Sweden, further strengthens Momentum Industrial's position as the leading supplier of industrial components and related services to Swedish industry."
- [globenewswire.com](https://www.globenewswire.com/news-release/2019/05/03/1815944/0/sv/Momentum-Group-f%C3%B6rv%C3%A4rvar-ETAB-Industriautomation-AB.html), 2019-05-03: "ETAB är en av de ledande aktörerna inom industriell automation i Sverige och genom förvärvet stärker Momentum Industrial sin position som den ledande leverantören av industrikomponenter och tillhörande tjänster till svensk industri ytterligare."

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