KAMIC Group – history

1983             
KAMIC Karlstad Automatic AB (KAMIC Karlstad) is founded. Its operations consist of manufacturing of automation equipment, trading and agency sales.

1990             
The automation business is sold.

1991             
The company focuses on trading and agency operations.

1999             
KAMIC Karlstad is acquired by the Amplex group.

2000             
The subsidiary KAMIC Skärmningsteknik AB is merged into KAMIC Karlstad.

2001             
KAMIC Group is formed by a number of companies from the Amplex group, including KAMIC Karlstad and Microsec AB. A new sales office is opened in Spånga, Sweden. Fin-Alert Electronics Oy is acquired.

2003             
Bromanco Björkgren AB is acquired.

2004             
Acquisition of Tibe Interconnect AB, Dalma Electronics AB and Juha-Elektro Oy. The business operations of LTG-Keifor are also acquired.

2005             
Acquisition of Inteno Broadband Technology AB. KAMIC Karlstad opens a permanent showroom
in central Stockholm and expands its office and warehouse facility in Karlstad, Sweden.

2006             
Acquisition of Marelco-Vinga AB (which later changed name to Vinga Ljus AB). The Group opens
a sales office in Gothenburg, Sweden.

2008   
Opening of a showroom and sales office in Malmö, Sweden.

2010             
The operations of Vinga Ljus are legally transferred to KAMIC Karlstad. A new central warehouse
is opened. Acquisition of the Polish cable manufacturer Iconex.

2011             
ElektronikGruppen BK AB is acquired following a public tender offer on the stock exchange, which triples the Group’s sales and expands its geographical presence to 11 countries in Northern Europe and Asia. Fredrik Celsing, President and CEO of ElektronikGruppen, is appointed as President and CEO of the new KAMIC Group, which is formally established in August.

2012
The year is characterized by integration activities and structural efficiency improvements in the new and larger Group. At the same time, significant weakening in the Nordic industrial market has a negative impact on sales and forces the Group to take rationalization measures.

The Production Technology business area opens a training centre in India and can thus offer advanced process training for the fast-growing regional electronics industry. The Home & Store business area strengthens its sales organization for the European market. In the Installation business area, several companies and operations are gathered in new, larger facilities in Karlstad and a new central warehouse for the Nordic market is established. The Broadband business area continues its focus on enhancing the offering, among other things through the launch of a new in-house developed software product.

2013
The weak business climate lingers at the beginning of the year, but starting from summer we see a successive increase in demand in the majority of markets. However, the pace of recovery is slow and varies between customer segments. The Broadband business area is a clearly positive exception, which shows strong development throughout the year with its attractive portfolio of broadband gateways. During the spring they also acquire a software company whose solutions for cloud-based application platforms strengthen the business area's offering for the digital home.

An additional acquisition is made in the Magnetics business area, which thereby gains a high quality offering of amplifiers for the audio industry under the Anaview brand. Through these acquisitions, Belgium and the USA are added to KAMIC Group's operating countries, which now amount to 13.

For the Installation business area, which is active primarily in the Swedish construction and building services engineering market, the business situation remains tough. The Electronics business area achieves good volume growth during the autumn, above all due to strong development in the memory business. Sales are also rising in the Production Technology business area as the customers' willingness to invest in production equipment returns.

During the year, the Group also conducts several relocation and co-location projects. In Sweden, the Parent Company and the companies ETAL and Scanditron move to Spånga, where KAMIC Installation is already situated. In Finland, four business areas are gathered at the same address in Helsinki. Also in Denmark operations are moving to more suitable premises.

2014
Several business areas experience a slow start to the year with some decline in demand and margins. In the Broadband business area the trend remains positive, however, and there is considerable interest among Nordic and European broadband operators in the new, proprietary software platform Iopsys. The weaker overall development for the Group leads to the introduction of a comprehensive profitability improvement programme. The first effects are soon apparent with a steady recovery in most businesses from late spring. Sales volumes and profit margins increase and in the second half of the year a number of aggressive marketing campaigns and recruitments, primarily in the Nordic countries, can be carried out.

Additional events during the year. Division Networks within the Installation business area is sold to TD Fiberoptik in Örebro, Sweden. The balance sheet is then further strengthened through the divestment of the Group's office property in Vällingby, Sweden. Scanditron (Production Technology business area) starts stencil production in South Africa through a joint venture, making South Africa the fourteenth country in which the Group has operations and marking the first establishment on the African continent.

2015
A good year in many ways, with positive sales development in several business areas and strategic advances in the right direction. The Group's earnings improve and the organisation is strengthened through a number of recruitments. These include Petra Freimark Thell as new CFO for the Group and Elisabet Österlund as new Head of the Electronics business area. Through the sale of the Group's office property in Helsinki, Finland, the level of debt is further reduced.

For the Broadband business area, the strong trend continues with solid sales growth and successful product launches. Based on the Iopsys platform, the already close collaboration with Telia is further intensified in Telia's major eHealth venture. Inteno's head office and warehouse are moved to Sätra, outside Stockholm.

In the Installation business area, an in-depth strategic realignement is carried out to reverse a protracted downward trend in the Light & Safety division. With the support of a new product and sales organisation, positive effects are increasingly visible in the second half of the year.

The Electronics business area also works with a focus on boosting the areas where development has been weaker. Changes are made in the sales organisation and the logistics function is reinforced. EG Electronics' head office is moved to Spånga, where KAMIC Group now gathers four of five business areas.

The Production Technology business area successfully defends its position in the market and launches a number of own-brand products and a new web shop.

The Magnetics business area takes successful measures to widen its customer base and achieves clearly satisfactory results for the full year. A new factory opens in Sri Lanka, which provides greater flexibility anc capacity in production.

2016
The single most notable event during the year is the sale of the Inteno group to the investment fund Accent Equity, a transaction that is announced in April. Through the sale, KAMIC Group significantly strengthens its equity to assets ratio and thereby increases its freedom of action for future mergeres and acquisitions. After the sale, the Group consists of four business areas: Installation, Electronics, Production Technology and Magnetics.

For Installation, the market is stable overall and sales are up slightly. The new strategy in the Light & Safety division, with a sharper focus on a more limited number of product areas, gains increasing momentum in pace with the development and launch of new products. In the Group's own cable factory in Poland, capacity utilisation is high and production volumes are rising steadily.

In Electronics, the year's most remarkable feat is powerful volume growth in the business area's memory trading business. Among the other areas of operation, development is more varied with both positive and less positive elements. Ongoing adaptions are made in the organisation to shorten decision-making paths and reinforce sales functions.

For Production Technology, the market for equipment is initially hesitant but improves gradually. Sales of stencils and consumables also show a positive trend and the business area continues to expand its product range with own brands. However, stencil operations in South Africa have failed to reach the anticipated volumes and KAMIC Group chooses to withdraw from this joint venture.

The Magnetics business area shows favourable development that is fuelled by high demand from customers in the telecom sector. The new factory in Sri Lanka is fine-tuned and, together with the other production units in Sri Lanka and Estonia, forms a stable platform for efficiency and flexibility in the business area's operations.

2017
The favourable industrial cycle continues in most markets and the Group's total sales are increasing. Volume growth is especially strong in the Electronics business area which can be credited partly to continued success with memory trading deals and also good sales development to the automotive industry.

The Installation business area is also successful with its more focused offering within lighting and emergency lighting. Other product areas showing good growth include perimeter protection solutions and electrical insulation.

Production Technology is winning a number of major machine projects at the same time as the business area benefits from a good base of sales of stencils and consumables.

Magnetics shows stable development during the first half of the year, but then has a tougher time with falling demand from several of the business area's customers in the telecom sector. However, with a flexible production apparatus and clear cost awareness, it is possible to react quickly and adjust to the changed market situation.

During the year, KAMIC Group makes two company acquisitions. In June, the Group acquires Grandchain Ltd., a specialist manufacturer of magnetic components in England which, among other things, strengthens development resources in the Magnetics business area. Shortly afterwards the Group acquires Instrumentcompaniet AS, a leading supplier in Norway of measurement instrument for industrial use. Instrumentcompaniet continues to be run as a separate company but is organisationally part of the Installation business area.