Tuvas Group has signed an agreement to acquire 100% of Ningbo Weicheng Technology, enhancing its market presence in Asia and strengthening its product offerings in machine protection and cable solutions.

Target Information

The Tuvas Group has made a strategic move by signing an agreement to acquire 100% ownership of Ningbo Weicheng Technology. This strategically significant transaction is expected to be finalized by the end of 2025, contingent upon the fulfillment of certain closing conditions. Ningbo Weicheng Technology is a renowned leader in machine protection and cable tray solutions in China, boasting a projected annual turnover of €26 million in 2024 and approximately 300 employees. Since its establishment in 2006, the company has demonstrated consistent profitable growth, offering a comprehensive range of safety solutions to both domestic and export markets. Their commitment to innovation, quality, and reliability has established them as a trusted partner across various industries.

Tuvas Group, headquartered in Hillerstorp, Sweden, is recognized as a global leader in the manufacturing and storage environment perimeter protection solutions. The group prides itself on delivering innovative safety solutions designed to effectively safeguard personnel, assets, and production processes. With a robust sales network and an efficient supply chain, Tuvas Group operates in 42 countries and has a workforce of around 1,200 employees, projecting sales of €279 million in 2024.

Industry Overview in China

The machine protection and cable tray solutions industry in China is rapidly growing, bolstered by increasing investments in industrial automation and safety measures. As China's economy matures, industries are becoming more aware of the importance of