More than half a century of innovations and know-how

Elos Group

The overall strategy is to focus Elos Group’s companies and structure in to segments where a significant market position can be achieved.

The Elos Group was founded already in 1923 in Sweden. The Group contained several companies within the wood related industry for several decades. In 1980’s the Group was named AB Westergyllen and in 1989 AB Westergyllen was listed on NASDAQ OMX Stockholm AB, Small Cap List.

During the 1990’s and 2000’s, the Group’s structure further focused towards precision engineering by acquisitions of engineering companies. In 2003 a strategic decision was taken to increase the focus in Medical Technology. A strategic step to focus the Group’s was taken in 2006 when the wood industry companies were spun off to the shareholders.