Teqnion AB expands its industrial footprint by acquiring the UK's Odlings Group, a long-standing manufacturer of memorial products, in a deal that maintains current management and local operations.
Teqnion AB has expanded its industrial portfolio through the acquisition of Odlings Group, a UK-based manufacturer of memorials and remembrance products with over 150 years of history. The acquisition adds a business with approximately £10 million in annual revenue and robust margins to Teqnion's decentralized structure, though the company explicitly stated the deal will not have a significant impact on its 2026 fiscal year financials.
The acquisition is effective immediately but is not expected to have any significant effect on Teqnion's 2026 fiscal year financials.
Teqnion will maintain its decentralized management approach, with the established Odlings Group management teams continuing to run the businesses.
The group manufactures and retails memorials, remembrance products, photo-ceramic plaques, books of remembrance, and industrial equipment like shot blasting cabinets and degreasing washers.
Odlings Group, a UK-based memorial and remembrance products company, is being acquired by Teqnion AB.
Swedish industrial group Teqnion AB has acquired the UK-based Odlings Group, a manufacturer and retailer of memorial products with over 150 years of history. The deal includes four entities and approximately 110 employees, with the existing management team remaining in place to ensure operational continuity. Teqnion expects no significant impact on its 2026 fiscal year financials from this acquisition.
Odlings Group manufactures and retails memorials and remembrance products, including photo-ceramic plaques, books of remembrance, and specialized industrial equipment like shot blasting cabinets.
Teqnion AB stated that the acquisition is not expected to have any significant effect on its 2026 fiscal year financials.