Not for release, publication or distribution, directly or indirectly, in or into the United States of America, Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, South Korea, Swizterland, or any other jurisdiction in which the distribution or release would be unlawful.
NAXS AB has acquired 170,000 shares in Tången Industrikapital AB (publ) ("Tången") for a total amount of SEK 11,390,000 in the initial public offering of the company on Nasdaq Stockholm.
Tången is a Swedish industrial group that acquires and develops acquisition-driven well-positioned small and mid-sized businesses in selected industrial niches. Tången's long-term objective is to create sustainable value by combining disciplined capital allocation with operational development, whilst preserving the corporate culture and customer proximity of its portfolio companies. Tången operates across three business areas: (i) Regulatory Expertise, (ii) Service Solutions and (iii) Industrial Technology. The Company focuses on businesses with strong market positions in attractive niches, recurring or resilient demand characteristics and clear opportunities for profitable growth. Tången primarily targets markets in the Nordic region, where active and long-term ownership can support continued professionalisation, operational improvements and selective add-on acquisitions. Since 2020, Tången has completed 24 acquisitions across the group's business areas
For further information, please refer to: https://tangenik.com
Contact information:
Amaury de Poret, CEO
Telephone: +46 735111735
This press release and further information is available on the Company's website: www.naxs.se
NAXS AB (publ)
Corp. Reg. No. 556712-2972
Nybrogatan 6
114 34 Stockholm, Sweden
E-mail: info@naxs.se
Established in 2007, NAXS is an investment company listed on Nasdaq Stockholm with a portfolio of Nordic private equity investments. The Company aims to maximize value from its existing portfolio while selectively deploying capital to enhance shareholder returns. More information is available on www.naxs.se