Stén & Co Oy Ab has acquired approximately 89% of the shares in Skandistål AB, a Swedish special steel company. The share purchase agreement was signed on 30 September 2026. The acquisition strengthens Stén & Co’s presence in Sweden and supports the Group’s growth and internationalisation strategy. Following the acquisition, the Group’s pro forma revenue exceeds €80 million.
Skandistål’s founder and CEO, Per Lundqvist, will continue as CEO and remain a minority shareholder with an approximately 11% stake.
Founded in 1999, Skandistål is a special steel specialist. Its business is built on material expertise, close customer relationships and long-term partnerships with selected steel mills. Skandistål’s warehouse and sawing operations are located in Landskrona in southern Sweden. The warehouse holds approximately 2,300 tonnes of steel, and the company saws bars up to 915 mm in diameter. Skandistål supplies bar steel directly from steel mills and delivers machined parts according to customer drawings. Its customers include industrial end users and distributors across Scandinavia.
For Stén & Co, the acquisition is an important step in developing its Nordic business. Over the past ten years, the company has invested in technologies that improve efficiency and increase capacity, and it has completed several acquisitions. Its next milestone is €100 million in revenue. Stén & Co and Skandistål have complementary capabilities, customer bases and supplier networks. Together, they can offer customers a wider range of materials and services.
About Skandistål AB
Skandistål AB is a Swedish special steel specialist founded in 1999 and based in Landskrona. The company serves industrial customers and distributors in Scandinavia and delivers machined parts to customers worldwide.
About Stén & Co Oy Ab
Stén & Co Oy Ab is a Finnish family-owned company specialising in steels and related services, including heat treatment. The company serves industrial customers with a broad range of steel products, processing services and material expertise. Stén & Co operates in the Nordic and Baltic markets.
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