Absolent Group AB (publ) has acquired Interzon AB, a privately-owned company headquartered in Täby, Sweden, with a manufacturing subsidiary in Tallinn, Estonia. Interzon, with a 2018 turnover of SEK 32 million, develops and manufactures filtration products for oil mist and odour removal in commercial kitchens. The acquisition gives Absolent Group access to a complementary filtration technology and a strong customer base of global fast-food and hotel chains.
Absolent Group is a global company group which, under the trademarks Absolent, Bristol and Filtermist, manufactures and sells air cleaning equipment for the cleaning of industrial process air within the machine tool business. Absolent Group had during 2018 approximately 240 employees and a turnover of around SEK 640 million. The group has its headquarters in Lidköping, Sweden, and production facilities in Sweden, England and Germany and is active, directly or through distributors, in 50 countries around the globe. Absolent Group AB is listed at Nasdaq First North Stockholm.
Absolent Group was advised by HWF Advokater in the transaction.