Holmbergs Safety Systems will establish its production hub in Romania

By Emea Riga
The Swedish group Holmbergs Safety Systems, one of the most important names in the field, with factories in Europe, Hong Kong, USA and China and annual sales of over 40 million euros, will establish its production hub in Romania, relocating part of production from Hungary and Lithuania to Romania.
Holmbergs Safety Group has acquired Te-Rox, based in Romania. Te-Rox is a leading European producer of covers and harness systems for child safety seats. Holmbergs Safety Group now supplies critical safety systems to more than 13 million child safety seats annually and continues to deliver on its mission to save lives, reduce injury and mitigate damage in vehicles. The acquisition provides Holmbergs with a platform for continued growth as well as the ability to serve its customers with local and swift production. Furthermore, the sellers will become shareholders of Holmbergs and continue to operate the business as well jointly pursue new business opportunities together with Holmbergs.
Holmbergs is an innovative global market leader in the growing niche markets of safety products and systems for child safety seats, as well as for other transportation niches. Holmbergs pro-forma sales now exceeds SEK 740 million, compared to SEK 325 million in 2017 when FSN Capital V made its initial investment. In partnership with FSN Capital, Holmbergs aspires to continue to grow its North American and European business through capturing the positive underlying market growth and gaining market share. In addition, Holmbergs intends to accelerate its growth in Asia and other less mature markets that are expected to grow rapidly as stricter regulations are enforced and safety awareness improves. Finally, the company intends to continue its focus on developing innovative industry leading safety solutions as well as selectively pursuing inorganic initiatives.