In our quest to change and improve our industry and with a vision to create the most rewarding and self-evident event every year, we launch Involve. Involve is a conference that offers networking and inspiring speakers, but above all, Involve is a unique opportunity to influence our industry through a new involving approach. The conference is held together with Vocean who provide a super tool to get everyone engaged.

– Inission has started a long-term improvement journey with many challenges, but also fantastic opportunities. To succeed, it is absolutely crucial that all our employees, customers and suppliers are involved. Involve will be our forum where we every year will talk about our journey and invite guest speakers who give their view on what is required to really succeed. During the conference, all participants will also receive the tools required to be able to influence, develop and constantly improve. Together we are strong, says Fredrik Berghel CEO Inission.

Involve is held April 20^th at Fabrikören in Nacka Strand, Stockholm and the theme of the premiere conference will be collaborations, efficient flows and sustainable production.

For more information:
Fredric Grahn, Chief Sales Officer
[email protected]
+46 705 94 11 66

About Inission
Inission is a total supplier of tailored manufacturing services and products in the field of advanced industrial electronics and mechanics. Our services cover the entire product lifecycle, from development and design to industrialization, volume production and aftermarket services.
Inission has operations in Sweden, Norway, Finland, Estonia, Italy, USA and Tunisia. The total turnover in the last 12 months amounts to SEK 1.7 billion with approximately 900 employees. Inission is listed on Nasdaq First North Growth Market

Xavier Leon, founder of Brinja AB and winner of the Inission innovation award 2022.

On November 10, the winner of the Inission innovation award 2022 was announced. The final was held during Ny Teknik’s famous 33 listan Live, Sweden’s first and oldest startup list which every year celebrates Sweden’s 33 most promising startups by gathering lively venture capitalists, established tech profiles and promising entrepreneurs.

In the final, three strong entries competed for SEK 1 million in development and manufacturing services from Inission. Avsalt with its innovation that removes ions and charged small molecules from water flows, Brinja with its IoT platform for construction sites and Wavr Tech with its digital human twin powered by motion sensors in garments. Three innovations with good inventiveness, feasibility, market potential and news value.

In a dragon’s nest-like arrangement, the finalists had to face the jury, which this year consisted of representatives from Inission, Almi, Nordea and Ny Teknik. Before the jury had to reveal the winner, the audience would first choose their own favorite. The audience’s prize consists of SEK 50,000 and after the voting was finished, Avsalt stood as the winner.

In conclusion, the jury announced the winner of the Inission innovation award 2022 with the justification:

“This year’s winner has developed a product with high inventiveness and great market potential. A smart and easy innovation that reduces costs, provides better control and increases safety. All through an app on your phone.”

Xavier Leon from Brinja AB emerged victorious with his IoT platform for construction sites. Under a rain of confetti and cheers from the audience, he received the check for 1 MSEK. Brinja took part in last year’s final but was then defeated. This year they got their revenge.

– It was a surreal feeling to finally win. We are in a phase where we are looking for suppliers, so the timing is perfect. This solves several of our challenges, says Xavier Leon from Brinja.

What do you think of Inission innovation award?
– It’s a fantastic competition that I happily recommend everyone to apply for next year. The attention and help we get makes a big difference for small companies like us. There should be more competitions like this to apply for, says Xavier in conclusion.

This year Inission Innovation Award was held for the ninth time. The purpose of the competition is to help entrepreneurs and ideas to grow and thrive, but also to draw attention to the Swedish industry that manufactures electronic products. Next year, the competition celebrates its 10th anniversary. Stay tuned at www.inission.com

The jury. Fr. left. Christian Isberg Almi, Per Malm Danielson Ny Teknik, Anders Backman Nordea and Olle Hulteberg Inission.

Fr. left. Nicolaas Boon, Johan Säfholm from Avsalt and Olle Hulteberg from Inission.

Wavr Tech. Fr. left Patrik Zayas and Samuel Zayas.

About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Lohja (Finland) Lagedi and Tallinn (Estonia). Inission is listed on Nasdaq First North.

From November 1, Nadežda Dementjeva is the new managing director at Inission Tallinn. Nadeždas most recently role was plant manager and board member of Ensto Building Systems OÜ. With extensive experience in production planning, company management and profitability maximization, she has the prerequisites to successfully steer Inission Tallinn further on its growth journey.

Nadežda grew up in Jõhvi, about 170 kilometres east of Tallinn. She describes herself as positive, full of energy and ready to go the extra mile to help and support everyone. Before joining Inission, she worked within the Ensto Group.

– I started at Ensto Ensek as production manager in 2017 and stayed another five years in the Ensto Group. My last role was plant manager and board member of Ensto Building Systems OÜ. During these five years I carried out several successful activities together with my team, of which the most important was the creation of a new plant layout and the construction of an extension to the production and warehouse space. Thanks to this, the facility was awarded “Factory of the Year 2022” and I was nominated for “Industrialist of the Year 2022”.

Before Ensto, Nadežda worked at Eesti Energia for almost 15 years and in various positions. She has also worked as a researcher at Tallinn University of Technology’s Faculty of Environmental Protection and holds a PhD in Thermal Engineering and a Master’s in International Business Administration.

What are your best qualities that you bring to work?
– I am determined and responsible, but my main strength is definitely the experience of production planning, company management and profitability maximization. I also believe in leading through people and hope that I am a good example for others.

What will your duties as managing director consist of?
– My role assumes the overall responsibility for the daily operations of the site including strategy, processes, budget, personnel, P&L responsibility, and operations KPI. Essential part is ensuring a cost-effective management, on-time operations to meet performance targets and smooth cooperation within the Inission business units and sites. What I like most about the role is people management and the wide range of responsibilities.

Was there something special about Inission that attracted you?
– Inission has a clear strategy and big but reasonable plans and targets to make the company better and more profitable.

What do you think is important for a business to function well?
– The right people at the right place, professionalism and a work environment that promotes good communication. It creates the conditions for good cooperations. As a manager, you should have the ability to see the big picture and make the right decision at the right time.

What interests do you have outside of work?
– My free time is mostly connected to my children’s sports and leisure interests, but if I have a few minutes to myself, I like to paint. I am currently studying at the Estonian Academy of Arts.

Thanks and good luck Nadežda.

 About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Lohja (Finland) Lagedi and Tallinn (Estonia). Inission is listed on Nasdaq First North.

Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, China, Hong Kong, Japan, New Zeeland, Singapore, South Africa or the United States, or in any other jurisdiction in which the tender offer would be prohibited by applicable law.

Inission AB (“Inission” or the ”Offeror”) has on 8 September 2022 commenced a mandatory public tender offer to purchase all of the issued and outstanding shares in Enedo Plc (“Enedo”) that are not held by the Offeror or Enedo (the “Tender Offer”). The acceptance period under the Tender Offer commenced on 8 September 2022 at 9:30 a.m. (Finnish time) and expired on 29 September 2022 at 4:00 p.m. (Finnish time).

According to the preliminary results of the Tender Offer, the shares tendered in the Tender Offer represent approximately 15,35% of all the shares and votes in Enedo. Together with the shares already held by Inission in Enedo, this represents in the aggregate approximately 95,78% of all the shares and votes in Enedo.

The Offeror will confirm and announce the final results of the Tender Offer on or about 3 October 2022.

Inission AB

För mer information kontakta:
Fredrik Berghel, verkställande direktör Inission AB
[email protected]
+46 732 02 22 10

The information was submitted, through the care of the above contact person, for publication on 30 September 2022 at 14:00 CET.

Related articles:
– INISSION AB COMMENCES ITS MANDATORY PUBLIC TENDER OFFER FOR ALL SHARES IN ENEDO PLC
– Inission AB publishes mandatory public tender offer for all shares in Enedo Plc
– Inission AB’s ownership in Enedo Plc has increased to 80.43 per cent

About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Inission’s services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has factories in Sweden, Finland, Norway and Estonia.

The revenue of Inission for the financial period ended on 31 December 2021, was approximately SEK 1 003 million (approximately EUR 94 million) and it employs approximately 520 people. Inission is listed on Nasdaq First North with Nordic Certified Adviser AB ([email protected], +46 707 94 90 73) as a certified adviser. The company’s reports are filed under: www.inission.com/investor-relations

Inission AB: reg.no./org.nr 556747-1890
Lantvärnsgatan 4, 652 21 Karlstad

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG, OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.

Inission AB (“Inission” or the “Offeror”) has published on 1 August 2022 its mandatory public tender offer (the “Tender Offer”) for all such shares in Enedo Plc (“Enedo” or the “Company”), an international designer and producer of high-quality electronic power supplies and systems listed on Nasdaq Helsinki, which are not already owned by Inission and which are not held by the Company itself. Inission owns already approximately 80.43 per cent of all the shares and related voting rights in the Company.

The Finnish Financial Supervisory Authority has on 7 September 2022 approved the Finnish language version of the tender offer document (including exemption document) relating to the Tender Offer (the “Tender Offer Document”). The acceptance period under the Tender Offer will commence on 8 September 2022 at 9:30 a.m. (Finnish time) and expire on 29 September 2022 at 4:00 p.m. (Finnish time) (the “Offer Period”), unless the Offer Period is continued, or extended Offer Period discontinued pursuant to the terms and conditions of the Tender Offer.

The Tender Offer Document will be available in electronic format from 8 September 2022 onwards online in Finnish at www.inission.com/investor-relations/enedo-related/

The Tender Offer Document will be also available in Finnish at the headquarters of Inission Lantvärsngatan 4, 652 21, Karlstad, Sweden as well as at Nasdaq Helsinki Ltd., Fabianinkatu 14, 00100 Helsinki, Finland.

The cash consideration to be offered in the Tender Offer for each Enedo share validly tendered in accordance with the terms and conditions of the Tender Offer will be EUR 0.26 (the “Offer Price”). Alternatively, Inission will also offer a share consideration whereby 0.086 new Inission Class B shares listed on Nasdaq First North Growth Market Sweden are offered for each Enedo share validly tendered in accordance with the terms and conditions of the Tender Offer.

If all remaining Enedo shareholders accept the share consideration in the Tender Offer, the respective new Class B shares in Inission amount to a total of 1,147,299 new Class B shares and represent approximately 5.45 per cent of all the shares and approximately 2.69 per cent of all the voting rights in Inission.

Inission will announce the preliminary result of the Tender Offer on or about the first (1^st) Finnish banking day following the expiry of the Offer Period or, if applicable, the extended or discontinued extended Offer Period. Inission will announce the final result on or about the third (3^rd) Finnish banking day following the expiry of the Offer Period or, if applicable, the extended or discontinued extended Offer Period.

Jonver Capital Oy acts as the financial advisor, Evli Plc acts as the issuer agent and Bird & Bird Attorneys Ltd. acts as the legal advisor to Inission in the Tender Offer.

Inission AB

THE BOARD OF DIRECTORS

For further information please contact
Fredrik Berghel, CEO Inission
+46 732 02 22 10
[email protected]

Inission AB / Release 8 September 2022 at 8:00 CET

About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Inission’s services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has factories in Sweden, Finland, Norway and Estonia.

The revenue of Inission for the financial period ended on 31 December 2021, was approximately SEK 1 003 million (approximately EUR 94 million) and it employs approximately 520 people. Inission is listed on Nasdaq First North with Nordic Certified Adviser AB ([email protected], +46 707 94 90 73) as a certified adviser. The company’s reports are filed under:

www.inission.com/investor-relations
Inission AB: reg.no./org.nr 556747-1890
Lantvärnsgatan 4, 652 21 Karlstad

Inission will take part in the Alihankinta-subcontracting trade fair on September 27–29, 2022. We welcome you to visit our booth and take part in our fair roulette to win amazing prizes!

The event is held at Tampere Exhibition and Sports Centre.
Visiting times: Tue-Wed 9 am-5 pm, Thu 9 am-4 pm.
You can find our booth in hall C, places C 503 & C 1104.

Not to be published or distributed, directly or indirectly, in Australia, Canada, China, Hong Kong, Japan, New Zealand, Singapore, South Africa or in the United States or in any other jurisdiction where prohibited by applicable law.

Inission AB (“Inission”), a North European contract manufacturer listed on Nasdaq First North Growth Market Stockholm, has on 1 July 2022 disclosed its duty to make a mandatory public tender offer in accordance with Chapter 11, Section 19 of the Finnish Securities Market Act (“Offer”) for all the shares and securities entitling to the shares in Enedo Plc (“Enedo” or the “Company”), an international designer and producer of high quality electronic power supplies and systems listed on Nasdaq Helsinki, as a result of an acquisition of 21,113,257 shares in Enedo from Joensuun Kauppa ja Kone Oy, Rausanne Oy, Soinitilat Oy and 10 other major shareholders (“Selling Shareholders”) of the Company for a purchase price of EUR 0.26 per share on 1 July 2022. Inission owns currently altogether 55,113,257 Enedo shares corresponding approximately to 80.43 per cent of all the shares and related voting rights in the Company.

The cash consideration to be offered in the mandatory public tender offer for each Enedo share validly tendered in accordance with the terms and conditions of the Offer will be EUR 0.26 (“Offer Price”). Alternatively, Inission will also offer a share consideration whereby 0.086 new Inission Class B shares listed on Nasdaq First North Growth Market Stockholm are offered for each Enedo share validly tendered in accordance with the terms and conditions of the Offer.

The Offer Price corresponds to the price agreed with the Selling Shareholders when Inission acquired approximately 31 per cent of all the shares in Enedo from the Selling Shareholders on 1 July 2022 in exchange for new Inission Class B shares. The Offer Price is also the highest price paid by Inission for any Enedo share during the six-month period preceding the date when Inission became obligated to make the Offer. The closing price of Enedo on Nasdaq Helsinki was EUR 0.27 on 30 June 2022, i.e. on the last trading day preceding the date when Inission became obligated to make the Offer.

The share exchange ratio to be used in the share consideration alternative of the Offer is the same share exchange ratio used with the Selling Shareholders when Inission acquired their Enedo shares on 1 July 2022 in exchange for new Inission Class B shares.

The closing price of Inission on Nasdaq First North Growth Market Stockholm was SEK 32.50 (EUR 3.03) on 30 June 2022, i.e. on the last trading day preceding the date when Inission became obligated to make the Offer.

Enedo has no other securities entitling to the shares in Enedo which should be subject to the mandatory public tender offer.

If Inission obtains more than 90 per cent of all the shares and related voting rights in Enedo as a result of the Offer, Inission will initiate mandatory redemption proceedings for the remaining shares in accordance with the Finnish Companies Act and, thereafter, Enedo will apply for delisting of its shares from Nasdaq Helsinki.

Inission estimates there to be significant untapped revenue, cost and financial synergies, which could be materialized in the future, if it manages to take full ownership of Enedo as a result of the Offer. The effect of the Offer on Inission’s profit and financial position is limited by the fact that Enedo already is Inission’s approximately 80.43 per cent owned subsidiary and also depends on the rate of acceptance of the Offer by Enedo shareholders and their preference for cash or share consideration. If all remaining Enedo shareholders accept the cash consideration in the Offer, the payment of the aggregate cash purchase price amounts to approximately EUR 3.5 million (SEK 36.0 million) and has a corresponding effect on Inission’s net debt position. The above amount corresponds to approximately EUR 0.17 (SEK 1.81) per each current Inission share. If all remaining Enedo shareholders accept the share consideration in the Offer, the respective new Class B shares in Inission represent approximately 5.45 per cent of all the shares and approximately 2.69 per cent of all the voting rights in Inission.

Inission does not expect the execution of the Offer to have any significant imminent effect on the business or assets or the position of the management or other employees of Inission or Enedo.

Pursuant to the Finnish Securities Markets Act Section 22 of Chapter 11, the offer period in the mandatory tender offer shall begin within a month from the publishing of the tender offer. However, the Finnish Financial Supervisory Authority has granted Inission an exemption to start the offer period by 15 September 2022. The offer period is expected to commence on or about 8 September 2022 at 9:30 am (Finnish time) and expire on or about 29 September 2022 at 4:00 pm (Finnish time) unless the offer period is extended in accordance with the terms and conditions of the Offer. The tender offer document is expected to be published on or about 8 September 2022 including detailed instructions and terms and conditions of the Offer.

Based on Inission’s understanding, the completion of the Offer does not require approval from the competition authorities.

Inission has sufficient financial arrangements in place to carry out the Offer as far as the offer consideration is paid in cash and the Board of Directors of Inission has been authorised by the Annual General Meeting of Inission to issue a sufficient number of new Class B shares in Inission to enable Inission to carry out the Offer also as far as the offer consideration is paid in new Class B shares in Inission.

Inission reserves the right to acquire shares in the Company before the commencement of the offer period, during the offer period and/or after the offer period of the Offer through public trading on Nasdaq Helsinki or otherwise.

In the Offer Inission will comply with the recommendation in accordance with Chapter 11, Section 28 of the Finnish Securities Market Act on the procedures to be complied with in public tender offers (Helsinki Takeover Code).

Jonver Capital Oy acts as the financial advisor and Bird & Bird Attorneys Ltd. acts as the legal advisor to Inission in the Offer.

Inission AB

THE BOARD OF DIRECTORS

For further information please contact
Fredrik Berghel, CEO Inission
+46 732 02 22 10
[email protected]

About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Inission’s services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has factories in Sweden, Finland, Norway and Estonia.

The revenue of Inission for the financial period ended on 31 December 2021, was approximately SEK 1 003 million (approximately EUR 94 million) and it employs approximately 520 people. Inission is listed on Nasdaq First North with Nordic Certified Adviser AB ([email protected], +46 707 94 90 73) as a certified adviser. The company’s reports are filed under:

www.inission.com/investor-relations

Inission AB: reg.no./org.nr 556747-1890
Lantvärnsgatan 4,
652 21 Karlstad

Not to be published or distributed, directly or indirectly, in Australia, Canada, China, Hong Kong, Japan, New Zealand, Singapore, South Africa or in the United States or in any other jurisdiction where prohibited by applicable law.

Inission AB’s ownership in Enedo Plc has increased to 80.43 per cent and Inission AB has become obligated to make a mandatory public tender offer for the remaining shares in Enedo Plc

Inission AB (“Inission”), a North European contract manufacturer listed on Nasdaq First North Growth Market Stockholm, has on 1 July 2022 acquired 21,113,257 shares (“Shares”) in Enedo Plc (“Enedo” or the “Company”), an international designer and producer of high quality electronic power supplies and systems listed on Nasdaq Helsinki. Pursuant to this, Inission’s ownership in Enedo has increased from 34,000,000 shares to 55,113,257 shares corresponding approximately to 80.43 per cent of all the shares and related voting rights in the Company. Enedo holds 69,249 of its own shares. As a result of the acquisition of the Shares, Inission will be obligated to make a mandatory public tender offer for all the other shares and securities entitling to the shares in Enedo in accordance with the Finnish Securities Markets Act.

Share purchases
Inission acquired the Shares in Enedo from Joensuun Kauppa ja Kone Oy, Rausanne Oy, Soinitilat Oy and 10 other major shareholders (“Selling Shareholders”) of the Company for a purchase price of EUR 0.26 per share, the aggregate purchase price amounting to approximately EUR 5,5 million (SEK 58,9 million). The purchase price for all the Shares (“Purchase Price”) will be paid by the subscription by the Selling Shareholders of 1,811,694 newly issued Class B shares in Inission, which have been valued at EUR 3.03 (SEK 32.50) per share, issued by Inission and for which payment will be made by set-off against the payment of the Purchase Price. The Board of Directors of Inission, which had an authorization from the Annual General Meeting to issue a maximum of 3,600,000 new Class B shares, has decided on the directed share issues to the Selling Shareholders. The Selling Shareholders do not receive any cash consideration.  The issue price for the newly issued Class B shares amounts to SEK 58,880,055.

Mandatory public tender offer and subsequent transactions
As a result of the acquisition of the Shares, Inission will be obligated to make a mandatory public tender offer (“Offer”) for all the other shares and securities entitling to the shares in Enedo in accordance with Chapter 11, Section 19 of the Finnish Securities Markets Act.

The price to be offered for each Enedo share in the Offer is contemplated to be EUR 0.26 (“Offer Price”), which corresponds to the price paid to the Selling Shareholders and is the highest price paid by Inission for any Enedo share during the six-month period preceding the date when Inission became obligated to make the Offer. The closing price of Enedo on Nasdaq Helsinki was EUR 0.27 on 30 June 2022, i.e. on the last trading day preceding the date when Inission became obligated to make the Offer.

Inission will pay the Offer Price to the Enedo shareholders in cash or, at the sole discretion of an Enedo shareholder, in new Class B shares in Inission. The closing price of Inission on Nasdaq First North Growth Market Stockholm was SEK 32.50 on 30 June 2022, i.e. on the last trading day preceding the date when Inission became obligated to make the Offer.

Pursuant to the Finnish Securities Markets Act Section 22 of Chapter 11, the mandatory tender offer shall be published within a month from the origin of the duty to make a public tender offer and the tender offer process shall begin within a month from the publishing of the tender offer.

Olle Hulteberg, who is both Inission’s and Enedo’s Chairman of the Board, and Fredrik Berghel, who is both Inission’s and Enedo’s Board Member, will not participate in Enedo’s Board work until the end of the tender offer process.

If Inission obtains more than 90 percent of all the shares and related voting rights in Enedo as a result of the Offer, Inission will initiate mandatory redemption proceedings for the remaining shares in accordance with the Finnish Companies Act and, thereafter, Enedo will apply for delisting of its shares from Nasdaq Helsinki. Inission will also consider possibilities of dual listing on Nasdaq First North Growth Market Helsinki.

Background and reasons for the Offer
Inission has been Enedo’s largest shareholder with a 49.62% holding since April 2021. The implementation of Enedo’s turnaround program, which existed already at that time, has been more challenging than anticipated, both in time and financially. Enedo’s cash position has been constrained and it has loans amounting to approximately EUR 7 million with a due date of 30 September 2022. In Inission’s view, by having full control of Enedo, it has better possibilities to secure adequate financing for Enedo and steer Enedo successfully through current very difficult market conditions. Finally and most important is the materialization of the originally identified synergies between the companies such as cross sales of its products and services, develop the Tunisian facility to a full service EMS manufacturing site, geographical coverage of sales and complementary customer portfolio. This will strengthen both companies and add on to Inission’s successful journey of acquisitions and integration. It is planned to organize Enedo as its own Business Area with its own Enedo brand and its successful offering of power supplies and power systems.

Fredrik Berghel, Inission’s CEO and Board Member, comments:
“We see significant untapped revenue, cost and financial synergies in combining Enedo and Inission and look forward to materializing these efficiently”.

Olle Hulteberg, Inission’s Chairman of the Board, comments:
“In addition to the mandatory cash consideration, Inission’s Board of Directors wants to offer a share consideration to Enedo shareholders. We warmly welcome all Enedo shareholders to become shareholders in Inission and share the opportunities and synergies of Inission and Enedo combined.”

Advisors
Jonver Capital Oy acts as the financial advisor and Bird & Bird Attorneys Ltd. acts as the legal advisor to Inission in the aforesaid transactions.

Inission AB

THE BOARD OF DIRECTORS

For further information please contact
Fredrik Berghel, CEO Inission
+46 732 02 22 10
[email protected]

This information is such information that Inission AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the care of the above contact person, for publication on 1 July 2022 at 10:00 CET.

About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Inission’s services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has factories in Sweden, Finland, Norway and Estonia.

The revenue of Inission for the financial period ended on 31 December 2021, was approximately SEK 1 003 million (approximately EUR 94 million) and it employs approximately 520 people. Inission is listed on Nasdaq First North with Nordic Certified Adviser AB ([email protected], +46 707 94 90 73) as a certified adviser. The company’s reports are filed under:

www.inission.com/investor-relations

Inission AB: reg.no./org.nr 556747-1890
Lantvärnsgatan 4,
652 21 Karlstad

About Enedo
Enedo is a European designer and producer of high-quality electronic power supplies and systems for critical equipment even in the most demanding environments. Enedo´s mission is to make electricity better – more reliable, more secure, more energy efficient – and just right to fit its purpose. Enedo´s three main product categories are Led Drivers, Power supplies and Power Systems. In 2021 the group´s revenue was EUR 36,4 million. Enedo has 330 employees, and its main functions are located in Finland, Italy, Tunisia and USA. The group´s head office is in Finland and parent company Enedo Oyj is listed on Nasdaq Helsinki Oy.

From left, Fredrik Berghel CEO Inission and Henric Alsterman CEO Part Development.

In order to become a world-class EMS manufacturer, it is time for Inission to take the next step on its LEAN journey through a long-term strategic collaboration with Part Development. The agreement is for six years, where Inission will receive ongoing support from Part Development. An important part of the agreement is that Part Development reinvests half of the fee through the purchase of newly printed Inission shares. As a result, Part Development will become a significant shareholder in Inission over time.

Already in 2008 the decision was made that LEAN should be Inission’s business strategy. Since then Inission has participated in several LEAN projects and received support from Part Development. Based on these various efforts and the LEAN principles, Inspirit was developed – a guide to get better every day based on Inission’s own unique conditions and challenges.

– During the fall of 2021, we made the decision to expand our LEAN work with the aim of increasing customer value even further. This will place great demands on the entire organization and in order to succeed it is absolutely crucial to unleash the power and creativity of the employees so that everyone gets the opportunity to get involved, says Fredrik Berghel, CEO of Inission AB.

Inission’s vision is to lead the development in the industry and be an example in LEAN. In order to create good conditions for this, Inission has established a long-term strategic collaboration with Part Development.

A first step, which has already begun, is to analyze factory by factory and create an individually adapted action plan based on the factories’ respective current situation and goals. In the next step, Inission’s internal LEAN experts, together with Part Development, will train Inissions coworkers based on the “Train the Trainer” concept to ensure both progress and that the knowledge remains and is further developed within Inission.

– Two of the main ingredients in Inspirit are creating flows and having a learning organization. We intend to continuously tell everyone about our journey, both what we have done and what we intend to do in the future. It also includes the challenges we encountered. Everything to create learning for as many people as possible. We hope that our customers, suppliers and partners will appreciate this long-term investment, concludes Fredrik Berghel.

For more information:
Fredrik Berghel, CEO Inission AB
[email protected]
+46 732 02 22 10

About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Lohja (Finland) Lagedi and Tallinn (Estonia). Inission is listed on Nasdaq First North.

Since February, Jonas Söderlund is Inission’s new Business Development Manager. Jonas most recently came from the role of Business Development Director at the Finnish Tepcomp Group. With his broad background, positive attitude and passion for improvement, he and his new colleagues want to make Inission the new Scandinavian market leader in electronics and mechanics.

Jonas grew up in Roslagen with a father from Åland and a mother from Finland. He early graduated as an electronics engineer and got a job as an electronics designer. Over the years he has also been educated in business development and economics.

Why he currently works with sales is due to a special situation that occurred during his time as Test Engineer and Team leader at the certification institute Intertek.

– Business was slow and I was faced with two alternatives, to lay off employees or increase sales. I was young and eager and preferred the latter. We started focusing on the Power supply industry and began visiting companies throughout Asia. It went well and instead of firing my colleagues, the team grew. It was where the interest for sales started and since then I have not actively worked as an engineer.

Jonas’ career in EMS began in 2014 when he was hired as Business Development Manager at Note in Norrtälje. It was a success and a few years later he was being promoted to Global Business Development Manager with the task of helping all Notes’ factories.

– I had the same role at my next employer Tepcomp Group in Finland where my specific assignment was to turn things around, which we did. The combination of my technical background and talent for business has been a success factor. I can speak the same language as both designers and managers.

What did you find interesting about Inission?
– I had no plans leaving Tepcomp, but after several conversations with Inission’s sales manager Fredric Grahn, interest grew. I like building and improving businesses. At Inission, I could contribute and see it grow to the next level. Inission has good prerequisites in terms of modern factories, long-term goals and committed owners and staff.

Jonas task as Business Development Manager is to develop and improve the business. To do this, he has developed his own successful workflow.

– I have a 20/60/20 methodology. It refers to what I spend my time on. 20% of the time I spend on processing opportunities that are far in the future, ie. startup companies and new products. If they develop well, it can be awesome. In addition, startup companies have enormous energy and it is contagious. 60% of the time I spend on existing projects and projects that are almost finished, ie. where it takes at least 6 months up to a year before the product is ready. The remaining 20% of the time I spend on dream companies, ie. larger, very demanding customers who on their own can drive the development of our business forward.

Jonas also works actively with networking, mainly through Linkedin where he keeps in touch with old customers and establishes contact with new ones. He also makes sure to always be available if anyone needs help.

– It is edifying to help others. In addition, there is a chance that they will return later as a customer. This is how I have worked since 2005 and it works well for me. If it aint broken don fixt fix it.

What are your best qualities that you take with you to work?
– I have a positive attitude and it takes a lot for me to get depressed. A problem is just a solution you have not seen. With a positive attitude comes high energy. I do not give up and I dare to fail. If you do not dare, you will not win anything. With my experience, I also have a good foundation. I have worked a lot, traveled a lot and met many people.

What do you like most about your job?
– I like that no two days are the same and that I can control my time. I have meetings with completely different companies and people. One is a startup, the other is a traditional industrial company. I can go to unexpected fairs and chase customers at an after work. I always try to think outside the box in a conservative industry that generally can be a little nuanced. So far, it has yielded results. For example. I won> 60% of my quotes during my time at Note.

What do you think is important for a business to work well?
– In my experience, everything is about the people and the leadership. What should we do, what should we not do, where should we do it and how should we do it? Leadership is concretely the most crucial, it affects everything.

What are your interests besides work?
– I am weak for sports cars and motorcycles. I have two sports cars and a third on the way. I also like to visit Åland where we took over and renovated the family farm. Roslagen is also a favorite.

Many thanks Jonas and good luck!

For more information:
Jonas Söderlund, Business Development Manager
[email protected]
+46 703 75 10 83

About Inission
Inission Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Lohja (Finland) Lagedi and Tallinn (Estonia). Inission is listed on Nasdaq First North