The story
Semcon was founded in 1980 in Västerås by Arvid Hansen. In 1983, Hansen also started operations in Gothenburg and, in 1985, the head office was moved to Gothenburg. In 1990, Semcon was sold to VIAK. VIAK was then sold to VBB Group. After a management buy out, Semcon was introduced to the Swedish Stock Exchange in 1997. A rapid growth and expansion in Sweden took place.
In the beginning of 2000, Semcon started a series of sub brands such as Zipper, Zuite, Zystems, Zooma, Zingle, Zetup with a focus on IT. (called the Z-companies) Pentech in the UK was acquired in 2005 and this was the first Semcon operation outside Sweden. In 2005, the first office in China was opened and soon one in Hungary. Two larger acquisitions took place in 2007: German IVM Automotive, and Swedish Caran. With IVM Automotive, Semcon now also had operations in Brazil, India and Germany. The Z-companies were sold except Zooma.
In 2015, Norwegian product development company Kongsberg Devotek became wholly owned by Semcon, forming its Norwegian division.
In February 2017, Semcon sold its business area Engineering Services Germany to Valmet Automotive. The German branch for product information remained Semcon.
In 2022, Ratos acquired Semcon and the Semcon shares were delisted from the Nasdaq Stockholm stock exchange on 22 November 2022.
From Wikipedia’s article on Semcon, shared under CC BY-SA 4.0.5