Swedish Industrials Kinnarps & Ependion Push Growth Via Sustainability and Acquisitions

Two Swedish industrial firms, Kinnarps and Ependion, are implementing significant strategic initiatives. Kinnarps, a leading European provider of workplace solutions, is advancing its sustainability agenda by transitioning its freight transport to Preem's Svanen-labelled HVO100 renewable fuel. This strategic shift aims to reduce the company's carbon footprint. Kinnarps has set ambitious targets: halving greenhouse gas emissions by 2030 from 2019 levels and achieving net-zero by 2050. Notably, the company has already achieved a 46% reduction towards its 2030 target. The new renewable fuel, produced primarily from residual products at Preem's Gothenburg refinery and guaranteed to be palm oil-free, is expected to further reduce Kinnarps' transport emissions by an additional 17% compared to its previous renewable fuel. Concurrently, technology group Ependion is pursuing robust growth by strategically focusing on digitalization and electrification trends through both acquisitions and market expansion. Ependion operates through its two distinct business units: Westermo and Beijer Electronics. Westermo, a market leader in communication networks for trains, is actively expanding into the energy sector, supported by a recent acquisition, while also broadening its global presence. Beijer Electronics maintains a strong position in the marine sector with its Human Machine Interface (HMI) operator panels and has recently invested in a next-generation technology platform.