Cromocol expands in material testing and quality control by acquiring Paper Test Equipment Sweden AB

Cromocol has signed an agreement to acquire 100% of the shares in Paper Test Equipment Sweden AB, Sweden’s leading company in test equipment for paper, pulp, and packaging.

The company is located in Norrköping and has, since its inception in 1995, delivered world-leading test equipment and a high level of service to Nordic paper, pulp, and packaging companies. Its customers include most of the leading companies in the field.

“By acquiring PTE, we gain a completely new area in paper, pulp, and packaging. It’s an exciting area where we see great opportunities to continue developing the business with our customers’ sustainability focus. The acquisition of PTE is part of our larger vision to build a leading industrial group in material testing and quality control. The market for test equipment is fragmented, and there are great opportunities to take greater responsibility for customers’ quality, both in terms of the equipment itself and by adding further expertise. We therefore continuously scan the market for companies that can deepen or complement Cromocol’s offering,” says Andreas Hagberg, CEO of Cromocol Scandinavia AB.

“With Cromocol as a new long-term owner, we gain the strength required to capitalize on international opportunities and can develop our operations to meet growing customer demand. The goal is to grow significantly in the coming years,” says Magnus Enström, CEO of PTE AB.