Momentum Group to buy 80% of Swedish automation firm Logicsystem
Per TradingView, Momentum Group, via subsidiary Etab AB, agreed to buy 80% of Logicsystem Pneumatik AB, with closing due in late November.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Momentum Group said through its subsidiary Etab AB that it has signed an agreement to take 80% of the shares in Logicsystem Pneumatik AB, a maker of components and systems for factory automation. TradingView reported the news, and Reuters also carried a brief notice of the transaction.
Founded in 1973 and based in Borås, Sweden, Logicsystem focuses on pneumatics, screw technology and linear motion. It also offers engineering support, including design, documentation and product customisation. Its customers are mostly in Swedish industry. Annual turnover is roughly SEK 20 million and the company employs five people.
Once the deal closes, expected at the end of November, Logicsystem becomes part of Etab within the Specialist unit of the Industry business area. Momentum expects a marginal positive effect on earnings per share this financial year.
why it matters
The deal is small and unlikely to move the wider market. For investors following Momentum Group, it shows the company continuing to buy niche industrial businesses in the Nordic region and add them to a portfolio of roughly 40 companies.
tags
instruments
sources
- Momentum Group acquires Logicsystem – strengthens position in industrial automation — TradingView, 11 November 2026 at 09:14 UTC
- Momentum Group Acquires Logicsystem — Reuters, 11 November 2026 at 09:18 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗