Polish Sanok Rubber Company S.A. strengthens its position with the acquisition of Teknikum Group Ltd.
Polish publicly traded company Sanok Rubber Company S.A. has signed an agreement on December 19, 2023, to acquire Teknikum Group Ltd. The acquisition includes the entire share capital of Teknikum and is part of Sanok Rubber’s broader strategic expansion.
Mr. Piotr Szamburski, CEO of Sanok Rubber, emphasizes that the acquisition strengthens the Polish company’s position in the market and opens up new business opportunities. “The expertise and strong presence of Teknikum in the industry support Sanok Rubber’s strategic objectives. The collaboration lays the foundation for growth and innovations that will benefit both parties,” comments Szamburski.
Mr. Jani Hämäläinen, CEO of Teknikum Group, sees the acquisition as an excellent opportunity to continue growth and expansion in the Scandinavian and European markets. “This provides Teknikum with an exceptional opportunity to continue its growth and expansion. Collaboration with Sanok Rubber strengthens our position and opens up new possibilities,” summarizes Hämäläinen.
Teknikum is a trusted brand for demanding industrial customers and OEM’s, offering profound expertise with its wear-resistant and environmentally friendly polymer solutions. As part of Sanok Rubber Company S.A., the company will continue providing world-class raw materials, reliable products, and the most efficient manufacturing processes to its customers.
Teknikum – provider of sustainable polymer technology
Teknikum serves industrial customers in need of reliable rubber, plastic, silicone, polyurethane, and foam solutions. Our factories and sales offices are located in Finland, Hungary and Germany. Teknikum’s offering includes pioneering wear-resistant industrial hoses, high-quality technical foam products, and comprehensive contract manufacturing services of the polymer industry. Our values are safety, sustainability, and sincerity.
Sanok Rubber Company S.A.
For over 90 years we have provided our clients with the highest-quality products, which comply with all the latest technological standards. We care about the environment and support local communities. We merge tradition with modern thinking every day. Sanok Rubber Company S.A. is the European leader in the field of rubber products, rubber-to-metal articles and combination of rubber with other materials for the automotive, construction, agriculture, pharmacy and household appliances. Sanok Rubber Company S.A. is listed on the Warsaw Stock Exchange and employ more than 3000 people in Europe and North America.Back to transactions