Since the current owners took over IQ Metal in 2007, the company has achieved strong growth and extensive internationalisation. Revenue has increased by 518% and now Pentaco Partners have joined as co-shareholder and partner for further growth.
Recent years’ positioning as full-range and system supplier of complex solutions to some of the largest companies in Europe has ensured IQ Metal growth via international partnerships and differentiation in the Partnership Manufacturing concept. Combining this with large investments in machinery and automation has created a strong basis for further growth. To ensure momentum and fulfilling of ambitious goals for the IQ Metal group, current shareholders have chosen to strengthen the ownership by partnering with Pentaco Partners.
- The present management and ownership took over the company in 2007 when it was a craftsman-oriented factory. Since then, we have grown it to a mid-sized industrial manufacturer, through hard work, competences and a certain degree of risk. We see a large potential in the IQ Metal platform, but require more competences, capital, management, and governance to fulfil the potential. With Pentaco Partners, we achieve the exact right match, says Bo Fischer Larsen, Group CEO and present majority shareholder.
Thomas Bechmann, managing partnerin Pentaco Partners, elaborates,
- We are very happy to join the growth journey of IQ Metal incooperation with the present leadership and ownership. During recent years, IQ Metal has positioned itself as a strong player in the market with focus on value creation for customers, quality, logistic concepts, and a high degree of flexibility. We’re convinced IQ Metal is looking into an exciting future, where the strong platform of manufacturing sites in Denmark and Poland can be utilized to create attractive offerings for both existing and new customers.
In a competitive M&A market, Bo Fischer Larsen is certain to have picked the right partner,
- We are not selling out to a strategic investor with a conflicting agenda, nor to a sleeping investor with limited value added to the company. In Pentaco Partners we achieve the perfect match in terms of extremely competent key persons with heavy know-how and very wide industry experience, who will be active in operations and management. We are really looking forward to uniting our forces, and our common goals of the further development of IQ Metal are highly ambitious, concludes Bo Fischer Larsen.