Interim report January - September 2024
Today, MIDAQ presents its interim report for January – September 2024.
MIDAQ acquires By Rydéns and Mono Light
MIDAQ AB today acquires, via the MIDAQ Indoor Living business area, 80% of the shares in Light Future AB (By Rydéns and Mono Light) from Håkan Schill, Magnus Wik, Annelie Rydén Wik, and Claes Rydén.
Since 1958, By Rydéns and Mono Light have been designing, manufacturing, and selling lighting fixtures to retailers, private customers, and the public environment in Sweden and the rest of Europe.
By Rydéns and Mono Light are based in Gnosjö, but also operate through companies in Norway, Germany, Hong Kong, and China. The Group has sales of approx. SEK 120 million and has 37 employees.
The business will continue to be led by CEO Håkan Schill and marketing manager Magnus Wik, who will continue to own 20% of Light Future AB.
-The companies fit well into our business area MIDAQ Indoor Living and our continued growth journey. It's two strong brands that contribute to us, and strengthen our strategic market position within the business area, says MIDAQ's CEO Stefan Engdahl.
-We see that By Rydéns and Mono Light will have the opportunity to continue to grow with MIDAQ Indoor Living as a long-term owner. Together, we can create offers and strategies that will lift our brands and strengthen our continued growth in both the national and international markets, says Håkan Schill, CEO of By Rydén and Mono Lights.
2020-09-14
The board of MIDAQ AB
