Troax Group AB
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Troax Group AB - overview
Established
1955
Location
Sweden, -, Sweden
Primary Industry
Materials
About
Based in Sweden, Troax Group AB develops and manufactures safety and security solutions, specializing in mesh panel products for various industries, ensuring enhanced workplace safety and operational efficiency. Founded in 1955 in Hillerstorp, Sweden, Troax Group AB focuses on developing safety solutions through innovative design. The company completed its IPO in March 2015, selling shares at SEK 66 each. In November 2015, FSN Capital divested its remaining 18.
1% stake in Troax for SEK 347 million. The company has engaged in four funding deals, with the latest being a PRIVATE PLACEMENT/FOLLOW ON in November 2015, raising SEK 347 million, matching the total amount raised. Troax delivers mesh panel solutions that enhance safety and security across various environments. Their core offerings include machine guarding to restrict access to dangerous areas, warehouse partitioning for customized storage solutions, and innovative active safety solutions aimed at mitigating workplace hazards.
Troax serves a diverse clientele, including manufacturing facilities, logistics operations, and data centers, across Europe, North America, and Asia-Pacific. In 2023, Troax reported a revenue of SEK 286,046,627 and an EBITDA of SEK 53,979,026. The company primarily operates on a B2B model, providing tailored safety solutions and engaging directly with clients, often offering installation services and ongoing support alongside their products. Troax maintains strong partnerships with distributors and retailers to expand their market reach while ensuring customer satisfaction and retention.
Troax aims to expand its international presence and operations, leveraging funding raised in its latest round to support this initiative. The company is enhancing its product line with upcoming innovations in safety solutions, although specific launch dates have not been disclosed. Target markets for expansion include North America and Asia-Pacific, with plans to penetrate these regions more deeply by 2025. The rationale behind these growth strategies stems from the investment made by FSN Capital, which will bolster Troax's operational capabilities and global footprint.
Primary Industry
Materials
Sub Industries
Industrial Wholesalers, Steel & Metals
Website
www.troax.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Troax Group AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sale to Management | Completed | Lagermix Rullportar AB | - | ||||||||
| Private Placement/Follow on | Completed | Troax Group AB | - | ||||||||
| Unspecified Exit | Completed | Lagermix Rullportar AB | - | ||||||||
| IPO | Completed | Troax Group AB | - | ||||||||
| Secondary Buyout | Completed | Troax Group AB | - |
Displaying 1 - 5 of 6
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.