Teqnion AB (OM: TEQ) is a Swedish industrial group active across a wide range of technical niches. The company operates through a decentralised structure of subsidiaries with strong focus on culture, cash flows and M&A. Teqnion is following in the footsteps of successful Swedish serial acquirers such as Indutrade, Addtech and Lagercrantz, from whom management draws a lot of inspiration. Despite its aspirations, Teqnion is still in its infancy with a market capitalization of approximately 2.5b SEK (~$250m). I therefore believe the company provides an interesting investment opportunity for long-term orientated investors due to its disciplined capital allocation approach, focus on cash flows, competent management team and growth durability. By standing on the shoulders of giants, I think Teqnion can become another Swedish success story. The investment case can be summarised in the following points:
Seafire is another exempel of same type of company. Ev 904M SEK (~$90m) 23% lower price to peers comp. to teqnion, idun etc. Will be great in a year or two. Will change list to OMX this year.
Phew I made it to the end, with thanks. Great write up and lovely confirmation bias for me as a happy holder!
Great thread! Interesting company and very well written.
Muy buena tesis, enhorabuena por el trabajo realizado!
Great write-up👍 I'll include the link in today's Friday Roundup 😉
Seafire is another exempel of same type of company. Ev 904M SEK (~$90m) 23% lower price to peers comp. to teqnion, idun etc. Will be great in a year or two. Will change list to OMX this year.
Great work. IS there a way to get to their fillings in English?