News

KARNELL ACQUIRES ETON SYSTEMS

Karnell has acquired the majority of the shares in Eton Systems AB ("Eton Systems"). The seller is Eton Innovation AB.

"With Karnell as the new majority owner, I feel confident that the company, which has been owned by my family since the start in 1967, will be further developed in a good way." says Tintin Jonasson, Eton Innovation representative, who remains an owner in Eton Systems.

"Eton Systems is in a position to grow with the market for conveyor systems thanks to the products' good reputation in the market, great customer value and a strong market presence." says Hans Karlander, co-owner of Karnell.

The new chairman of the board is Per Nordgren, also chairman of Karnell. Previously he was CEO of Hägglunds Drives and he has extensive experience from management positions in industrial companies. Besides Karnell, Per is an industrial advisor and board professional.

As of 1 January 2019, Jan Molin is the CEO of Eton Systems. Before joining Eton Systems, he was the CEO of Puregas Solutions. 

For further information, please contact:

Tintin Jonasson                          
Eton Innovation AB                  
tintin@etonsystems.com
+46 70 924 96 01

Hans Karlander                          
Karnell
hans.karlander@karnell.se
+46 70 531 66 05

About Eton Systems:               
Eton Systems is a global company that develops, manufactures and sells smart modular conveyor systems together with its own developed software. The company is a spin-off from the classical shirt company Eton. Already in the 1960s, it was discovered that a significant part of the shirt manufacturing was unproductive and in need of automation. Since then, Eton Systems has developed conveyor and control systems for the textile and manufacturing industry. The company has subsidiaries in both the US and China and the group has a turnover of approximately SEK 160 million and 62 employees. For more information, see www.etonsystems.com.

About Karnell:                           
Karnell is an investment company that invests in small and medium-sized Nordic companies. Through its investment companies K3 and K4, Karnell currently owns six companies. For more information, see www.karnell.se.