ASB, one of Sweden’s leading companies in automated water and wastewater systems, has acquired ELTEKNIK T. MIELONEN. ASB, a subsidiary of Uniwater, has thereby extended its geographic catchment area and strengthened its offer in automation of water and wastewater treatment. To be able to meet the demand, Mielonen has now been acquired to consequently enable a stronger offer to clients in a larger geographical trade area.
ASB sees an increase in demand for automated water and wastewater systems in Sweden and the rest of the Nordic countries. To be able to meet the demand, Mielonen has now been acquired to consequently enable a stronger offer to clients in a larger geographical trade area.
– We’re very happy that both companies have reached an agreement to implement this deal. Mielonen is a very well-managed and fine company in our industry, that we’ve always had the utmost respect for. We’re now working to make sure that all our co-workers feel welcome into ASB and our Uniwater group, and benefit from becoming a stronger company in automation of water and wastewater treatment in Sweden and the Nordics, says Kenneth Rydin, CEO of ASB.
Mielonen has been active since 1980 and is a family business based in Linköping. The company has shown its strength in sustaining a high rate of development over the years and is now joining ASB, and accordingly, the Uniwater group.
– I see many similarities between the companies, accompanying the possibility to create good synergy effects through each other’s strengths. As a result, I see this deal as a very positive one for co-workers and clients alike. We will be able to broaden our offers and expand our capacity, which will prove useful as the demand for automated water and wastewater systems keeps increasing. I also feel a sense of security in now having a strong owner like Uniwater, and considering that, I’m hoping that we’ll continue growing and improving together , says Anne Mielonen, the former CEO and owner of ELTEKNIK T. MIELONEN, and current technical specialist at ASB.
The water and wastewater treatment industry is growing in general, and the municipalities will make large investments in maintaining and developing the Swedish water and wastewater networks in the foreseeable future. The other Nordic countries are facing the same future challenges.
–We are continuing to build our group for the future. We know that investments in water infrastructure will continue to increase for at least the next 20 years, and we want to be able to attract our customers with the most powerful offer possible, providing specialist knowledge within all of the water and wastewater systems sector. Automation of water and wastewater treatment plays an important part in this, and we see automation becoming ever more vital in our commerce and as a growing area of business for us. We are therefore looking forward to integrating Mielonen into ASB and, in the process, becoming a considerably stronger player in automated water and wastewater systems, says Fredrik Jonsson, group CEO of Uniwater.
In 2019, Mielonen had a turnover of SEK 13 million and currently has 8 employees. As of today, the whole staff will be working together with ASB. The purchase price of the acquisition has not been made public.