We are excited to announce that Power Tech AB and METS Technology AB are merging to form a new force in electrification and automation, Metstech AB.
This merger equips us with the resources necessary to maintain our position as market leaders in Marine and Industrial Electrification, Energy Storage, Electrical Design and Construction, Ships, and Automation.
Both companies have established a strong presence in the Electric Power & Automation sector, with a diverse portfolio of successful projects. By combining our expertise and resources, Metstech will offer a competitive range of products that meet market demands. Additionally, we are enhancing our aftermarket offerings, recognizing the need for reliable support throughout the entire lifecycle of our products.
Johan Marcusson, CEO of Metstech, explains:
“This merger marks the beginning of an exciting journey in both the maritime and industrial sectors. Metstech is committed to developing innovative and sustainable solutions that enhance safety and efficiency on land and at sea. By leveraging our combined strengths, we are poised to deliver the solutions the market requires now and in the future.”
Metstech will employ approximately 35 people, with offices located in Uddevalla, Gothenburg, and Stockholm. We look forward to becoming your preferred partner and creating shared value together.
Below, we have summarized some frequently asked questions regarding the merger. If you have any further inquiries or need clarification, please reach out to Metstech’s CEO, Johan Marcusson, at johan.marcusson@metstech.se or +46709-44 51 14.
Questions and Answers about Metstech
What does the merger between METS Technology and Power Tech mean?
The two companies will unite into a single organization, combining skills and resources.
What is the reason for merging into this joint organization?
The primary goals are:
- To remain a credible player providing customers with a stable, reliable product.
- To collaborate on product development.
- To create a larger technology environment that ensures stability over time.
- To develop and offer products for charging infrastructure and energy storage for the land and industrial markets.
- To enhance our aftermarket capabilities and provide long-term support for our customers.
What will the new company be called?
The new company will be named Metstech AB.
When will the merger take effect?
As of now, we are operating as one company. The legal aspects of the merger will be finalized in the first half of 2025.
Has any company been acquired in this merger?
No, this is a joint venture.
What does this mean for our customers?
Business will continue as usual. While we will adopt the new name (Metstech AB), we will initially retain the same organizational numbers.
What does this mean for our suppliers?
Supplier operations will remain unchanged. We will also adopt the new name (Metstech AB) while initially retaining the same organizational numbers.
Will there be new contacts for us to work with?
You will primarily work with the same contacts as before. Johan Marcusson will serve as the CEO, and Per-Erik Larsson will be your point of contact for marketing and sales.
Will ongoing projects or deliveries be affected?
No, all ongoing projects and deliveries will proceed as planned.
Will Metstech continue to operate independently?
Yes, Metstech will operate independently in the market and collaborate with various suppliers to ensure optimal solutions and submit competitive bids to all customers.