XANO buys all the shares of the U.S. company IPS

XANO recently reached an agreement through one of its subsidiaries to take control of Integrated Packaging Solutions (IPS). This company is located in Denver, Colorado and has several branches.

IPS is also an international packaging company specialized in industrial can manufacturing. It offers machinery, integrated systems technology and production optimization services to metal packaging manufacturers.

The company also offers a variety of services for the canmaking and related industries under the Industrial Solutions business unit, such as NPB, IPS and Canline. CanSchool is also the new concept developed by them in order to achieve a higher level of collaboration between customers.
This new addition of IPS will undoubtedly reinforce XANO’s ambitions to expand market shares in the United States and become the natural choice of partner for decision makers in investment projects around the world. In addition, this acquisition represents an intensification of the group’s continued establishment in the United States. Access to IPS’ expertise and networks will benefit and accelerate the process of making the group’s offerings visible in the North American market.
During the XANO acquisition, the total cost is estimated at US$21 million. Experts assure that, with all conditions up to date and financial requirements completed, the transaction will be completed by September of next year.

Acquisitions are an important part of the business concept, and since 1980, more than 60 businesses have been acquired that complement existing operations, add technical expertise or provide access to new market segments.

The Swedish company Xano consists of engineering companies that offer manufacturing and development services for industrial products and automation equipment. Operations are divided into three different business units, all with a clear focus on profitable growth through long-term work with strategic clients and assignments. As a result, the company posted a profit of SEK 341 million last year, while increasing its profit margin by 8.8% and achieving excellent results.