Phoenix Mecano acquires X2 Technology AB

We are pleased to inform you that as of 1st June 2021, the Phoenix Mecano group has acquired all the shares in X2 Technology AB.

The Phoenix Mecano Group is a global player in the field of Industrial Automation and is strengthening this strategic pillar with the acquisition of X2 Technology AB. X2 Technology AB is a manufacturer of lifting columns for high-end industrial and medical applications. By bringing together our joint global expertise in lifting columns, X2 Technology AB will be a powerful unit that will focus on the global development and manufacturing of these high-end columns. Being part of the Phoenix Mecano group also brings the advantage of having access to the group’s global sales network for distribution.

The existing industrial activities of DewertOkin AB, another Swedish company within the Phoenix Mecano group, will be carved out and transferred to the X2 Technology premisses in Växjö, Sweden. At the same time, X2 Technology AB will be renamed into Phoenix Mecano AB. Pheonix Mecano AB will act as the sole sales and engineering office in Scandinavia and will offer components and solutions from the group’s brand: Rose & Krieger, Phoenix Mecano Linear as well as X2 Technology. It will be headed by Patrik Nilsson, who will transfer as a CEO from DewertOkin AB to Phoenix Mecano AB.

We are glad to keep Mr. Bo Arrhén, CEO of X2 Technology AB, as a consultant on board who will support the growth of the X2 portfolio internationally. Please note that the address, phone number, mail address, bank details and registration number of X2 Technology AB remain the same. We look forward to continuing our successful cooperation and are convinced that we will be able to offer you exciting opportunities in our new business setting. Do not hesitate to contact us in case you have any questions.

Best regards,
X2 Technology AB

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