AQ Group AB (publ) (OM:AQ) acquired Rockford Components Ltd for SEK 32 million on July 10, 2024. The purchase price consists of SEK 18 million in cash at the time of acquisition and an additional purchase price based on the company's results for the next 12 months, up to a maximum of SEK 14 million. The company had a turnover in 2023 of SEK 95 million, an operating margin below the AQ average and has 112 employees. The purpose of the deal is to expand AQ's customer base, to broaden our offer in wire harnesses and electromechanical systems to the UK and to grow in our strategic area of defense industry. Rockford has a long history, experience, and technical competence of serving demanding customers in the defense industry. Rockford's Managing Director Peter Lion will remain with the Company as a member of the company's board. The new Managing Director of the company will be Andreas Björk, who has been the leader of several companies within AQ for 17 years, where he was most recently Managing Director of AQ's four companies in China. Post completion of the acquisition, Rockford will be part of AQ?s business area Wiring Systems which designs, manufactures, and deliver wire harnesses to demanding industrial customers.

AQ Group AB (publ) (OM:AQ) completed the acquisition of Rockford Components Ltd on July 10, 2024.