[PRESSRELEASE 21/5 2025]

The technical textile companies Lindevalls Industri AB and TEKONF AB, both based in Östersund, Sweden, are becoming sister companies under a new joint ownership. Together, they will form one of Sweden’s largest textile industry groups with domestic production, a turnover of approximately SEK 100 million, and 70 employees.

Two of Sweden’s most experienced players in the field of technical garment manufacturing are now joining forces under the same ownership. The new structure aims to strengthen both companies’ ability to grow in a highly competitive industry through increased efficiency, enhanced product development, shared resources, and joint expertise. This strategic move is made possible through an investment from Catea, providing increased financial capacity and creating the conditions for continued expansion.

The initiative is primarily aimed at meeting the growing demand and rising needs within the Swedish defence industry. Both companies will continue to operate under their respective brands, with existing leadership and staff. Customers, suppliers, and employees can expect continuity in day-to-day operations, but with strengthened capacity and greater resources.

“We are in an expansive phase where we are further optimising our production facilities to meet rising demand,” says Göran Svensk, CEO of Lindevalls Industri AB. “By deepening our collaboration, we are creating better conditions for growth and more job opportunities.”

“Through coordination of product development, procurement, and logistics, we can offer an even more competitive proposition to our customers,” says Göran Wärdell, CEO of TEKONF. “Our combined resources also provide additional production redundancy.”

“Both Lindevalls and TEKONF have long-standing experience and a strong reputation within their respective niches, especially as suppliers to the defence industry. Joint ownership puts us in a stronger position to meet future demands for innovation, quality, sustainability, and delivery reliability,” says Pär Kastengren of Catea.

For further information, please contact:

Göran Wärdell, CEO TEKONF
Phone: +46(0)70-185 65 01
Mail: goran.wardell@tekonf.se

Göran Svensk, CEO Lindevalls
Phone: +46(0)70-270 49 00
Mail: goran.svensk@lindevalls.se

Pär Kastengren, Investment manager Catea
Phone: +46(0)70-92 18 90
Mail: par.kastengren@catea.se

Lindevalls Industri AB was founded 60 years ago and has 35 employees, a turnover of approximately SEK 40 million, and production located in Östersund. The company was named Jämtland’s Company of the Year in 2024. TEKONF AB, founded in 2012 by former Lindevalls employees, also employs 35 people, has a turnover of around SEK 60 million, and operates production on Frösön, just outside Östersund. Its customers include actors in the defence and security sectors, as well as the engineering industry, outdoor sector, and healthcare.

Catea is an investment company based in Stockholm that invests in unlisted growth companies. Catea has a long-term investment perspective and actively supports its portfolio companies with the aim of creating profitable businesses with sustainable value.

Finalisation of the investment is subject to approval by the relevant authorities.