Bulten AB has acquired new emitted shares in TensionCam Systems AB. The investment volume is 6 MSEK giving Bulten AB 27% of the shares.
Bulten Group is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,700 employees in sixteen countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq Stockholm.
“We are very excited about the strengthened collaboration with such a renowned company as Bulten. To establish this type of industrial collaboration is an important part of our strategy to successfully continue the commercialisation of the TensionCam concept ”, says Jonas Nilsagård, CEO at TensionCam Systems AB.
“The acquisition of shares in TensionCam is in line with our strategy to further strengthen our position as technology leader in fasteners”, says Anders Nyström, CEO at Bulten AB. “With the TensionCam concept we will be able to strengthen our offerings in fastener functionality and service also in segments outside automotive”, he continues.
For more information, please contact:
Jonas Nilsagård, CEO
+46 734 29 81 55