Svevik Industri completed the acquisition of a 90.1% stake in Promoco Scandinavia.

Svevik Industri, an investment services provider, completed the acquisition of a 90.1% stake in Promoco Scandinavia, a supplier of electromechanical components and products. Financial terms were not disclosed. “We are very pleased to welcome Promoco to the Svevik family. Promoco has a very impressive market position and will be a valuable addition to our corporate group. We look forward to a continued development journey together and getting to know Promoco’s employees, customers, and suppliers even better," Johan Hårdén, Svevik Industri.