We become part of Momentum Group – strengthens the group’s position in flow technology
We at Ceon AB have today signed an agreement to sell 70 percent of our shares to Börjesson Pipe Systems AB (BPS), a subsidiary of Momentum Group. Through this transaction, we will become a subsidiary of BPS and join the Flow Technology business unit within the Infrastructure business area. For us, this creates exciting new collaboration and business opportunities.
Ceon was founded in its current form in 2015, although our business has a considerably longer history. Our co-founder, Bengt-Olof Wesslén, has more than 40 years of experience in the industry. Today, we offer valve and actuator solutions for demanding marine and industrial environments, as well as products for the protection of critical infrastructure installations. Through high product expertise, a broad product offering within our niche and established supplier relationships, we have built a broad and stable customer base over the years. Our operations are based in Laholm, Sweden, and through our subsidiary in Denmark, with an annual turnover of approximately SEK 47 million and 7 employees.
"We look forward to becoming part of Momentum Group and to the new collaboration and business opportunities that will be created together with BPS," say Magnus Wesslén and Martina Wesslén, owners of Ceon. We are a strategic fit for Flow Technology, which focuses on critical functions in industrial processes and essential infrastructure where media such as steam, gas and water play a central role. With our specialist expertise and offering primarily aimed at the marine sector in the Nordic region, we and BPS complement each other well, and we see several natural opportunities for collaboration going forward.
"We have known each other for many years, and I am convinced that, together, with our combined expertise and structural capital, we can continue to grow and gain additional market share while maintaining profitability," says Christopher Edfeldt, CEO of BPS.
For our customers, this transaction brings no day-to-day changes – all contact persons remain the same, and our strong commitment to customer service is completely unchanged. Looking ahead, this partnership opens up exciting opportunities. Over time, we will strengthen our organizations in both Sweden and Denmark, allowing us to offer an even broader and more comprehensive product range.