HAKI Safety has completed the acquisition of Trimtec, a Swedish distributor of high-tech precision equipment, in a deal worth up to SEK 100 million (£7.5m).

The move strengthens HAKI’s digital offering and expands its geodesy services across new markets.

The acquisition enables the company to provide a full suite of services in Sweden, covering everything from project planning to the delivery of safety products.

Trimtec, founded in 2002, specialises in precision equipment for cadastral surveying and mapping. The Stockholm-based company also offers equipment rentals, maintenance contracts, and training. It operates sales offices in five other Swedish cities and reported a turnover of approximately SEK 130 million (£9.7m) in 2024.

A significant portion of Trimtec’s product range is sourced from Trimble, a global leader in precision surveying technology.

The acquisition was finalised with an upfront purchase price of SEK 50 million (£3.75m) on a debt-free basis. An additional payment of up to SEK 50 million could be made in 2027, depending on Trimtec’s financial performance between 2025 and 2026.

The deal was financed through an extension of HAKI’s existing credit facilities, with the possibility of refinancing via a new share issue.

Strategic Expansion

HAKI Safety, a well-established provider of modular scaffolding and safety solutions, said the acquisition aligns with its long-term strategy to enhance digital capabilities and strengthen its presence in Sweden’s construction and industrial sectors.

Trimtec will be consolidated into HAKI’s operations in March 2025.