STOCKHOLM: Nolato has signed an agreement to acquire Irish electronics manufacturer M&M Qualtech, a move the Swedish polymer products group says will add scalable capacity in the electronics field for medical, industrial and defense markets.
The acquisition is financed through own cash funds and existing credit facilities. M&M Qualtech is expected to be consolidated into Nolato starting in September and will operate under the name Nolato Qualtech, with current management remaining in place.
“For nearly four decades, M&M Qualtech has delivered business-critical solutions that have enabled its customers to produce new technological solutions efficiently. Together with M&M Qualtech, Nolato’s offering and ability to deliver complete product solutions to a common and larger customer base is strengthened,” Nolato President and CEO Anders Björklund said in a statement.
M&M Qualtech, based in Galway, has approximately 200 employees. The company was founded in 1988 and is estimated to have sales of around 385 million Swedish kronor for 2026, with an EBITA margin in line with Nolato’s, according to the company.
“Acquisitions are, and have long been, a natural part of Nolato’s growth strategy and we are continually working to acquire additional operations that fit our growth strategy and strengthen our overall customer offering,” Björklund said. “Nolato has a healthy financial position, which provides considerable flexibility to make significant acquisitions if there is an opportunity to increase shareholder value in both the short and long term.”
Nolato is a Swedish group with operations in Europe, Asia and North America. The company develops and manufactures products in polymer materials such as plastic, silicone and TPE for customers in medical technology, pharmaceuticals, consumer electronics, telecom, automotive, hygiene and other industrial sectors. Nolato’s shares are listed on Nasdaq Stockholm in the Large Cap segment under the Industrials sector.
