Industri- Teknik Bengt Fridh is acquired by INIVI
Weibull M&A was the seller’s advisor when INIVI AB acquired Industri- Teknik Bengt Fridh Aktiebolag on the 2 of May 2023.
Industri- Teknik Bengt Fridh Aktiebolag (ITBF) is a niche and market-leading manufacturing company that develops, constructs and supplies systems for, among other things, projects within direct and indirect process heating, preheating, various types of process gas and liquid purification and burner systems. The company has a long experience and high technical competence in solving many energy and process engineering problems in an innovative way. ITBF was founded in 1969 and most sales are exported through international partners. The company, which has a turnover of just over SEK 60 million, is based in Arlöv and has 23 employees.
Quote from CEO and owner Per-Olof Fridh: “We from ITBF’s side are very happy to begin this collaboration with INIVI and are looking forward to building the future together. We are convinced that with this we can create the best opportunity for our company to continue a more stable future while at the same time we will be able to significantly increase our growth rate over time”.
Quote from Johan Dyberg, CEO INIVI AB: “We are very proud that ITBF has chosen to become part of INIVI as we are convinced that together we have an exciting development journey ahead of us. ITBF has for a long time built up exactly the niche knowledge, pride and reputable position that we are looking for, which guarantees continued solid growth that we actively and committedly look forward to encountering”.
INIVI acquires companies with their own brands, products, or solutions where they see growth potential. The companies often have a strong and independent team that INIVI supports and, through modern leadership, helps to develop in the long term. The investment focus is on small and medium-sized companies and INIVI has no time limit on its investments.