# engcon acquires remaining shares in engcon Component AB for SEK 27M

engcon AB agreed to acquire all outstanding shares in engcon Component AB, of which it already owned 51%, for approximately SEK 27 million, making it a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2023-05-22
- Where: Sweden
- Value: $2.50M (27.0M SEK)
- Status: announced
- Products: tiltrotators, hydraulic attachments
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Engcon](https://endata.com/companies/18154.md) (acquirer)
- [engcon Component AB](https://endata.com/companies/70410.md) (target)

## Sources

- [inderes.dk](https://www.inderes.dk/en/releases/engcon-acquires-the-remaining-shares-in-engcon-component-ab), 2023-05-22: "The acquisition is an important step in our efforts to further integrate our production structure."

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