Duroc acquires Herber Engineering
A manufacturer of advanced hydraulic and electrical tube machines
Duroc has signed an agreement to acquire all shares in Herber Engineering AB. Herber manufactures advanced hydraulic and electrical tube bending machinery for cold tube forming. The company also offers customized solutions and services, replacement parts and technical support to the market.
Customers are found in several segments, such as automotive, aerospace, furniture and HVAC (heating, ventilation and air condition) around the world. The company has approximately 20 employees and revenues of approximately 50 MSEK. The operation is located in Värnamo, Jönköping County, Sweden.
We are proud to add Herber to Duroc’s portfolio of subsidiaries. Herber will be a part of the business area Industrial Trade, that including Herber has revenues of approximately 550 MSEK on an annual basis. There are good opportunities for synergies within in the business area, e.g. in geographical representation and sales.
The acquisition is expected to be finalized in April 2019.
For further information
John Häger, Chief Executive Officer, +46-702 48 72 99
The Duroc Group manages and develops industrial and trading companies. With deep knowledge of technology and market, the Group’s companies strive to achieve a leading position in their respective industries. As owner Duroc contributes actively to the development. Consolidated revenue amounts to approximately 2 800 MSEK and the Group has approximately 800 employees. Duroc is listed on Nasdaq, Stockholm.
