# AQ Group acquires JIT Mech

AQ Group AB signed an agreement to acquire 100% of the shares in JIT Mech se Industri AB and its subsidiaries for SEK 40 million in cash plus earnout, subject to regulatory approval, expected to close in Q2 2024.

- Type: Acquisition
- Announced: 2024-03-11
- Where: Robertsfors and Örnsköldsvik, Sweden
- Value: $3.80M (40.0M SEK)
- Jobs: 75
- Status: announced
- Products: large and complex machined and welded components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AQ Group](https://endata.com/companies/31782.md) (acquirer)
- [JIT Mech se Industri AB](https://endata.com/companies/76185.md) (target)
- [JIT Mech](https://endata.com/companies/76822.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/aq-group/r/aq-group-acquires-jit-mech,c3943898), 2024-03-11: "The purpose of the transaction is to expand AQ's customer base and to broaden our offering in metalworking and welding"
- [news.cision.com](https://news.cision.com/aq-group/r/aq-group-finalizes-the-acquisition-of-jit-mech,c3961673), 2024-04-15: "AQ Group AB signed on March 11, 2024, an agreement to acquire 100% of the shares in JIT Mech se Industri AB with the subsidiaries JIT Mech i Robertsfors AB and JIT Mech i Örnsköldsvik AB."

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