Changes in Bulten's Group Management
Earlier this year, Bulten acquired the global fastener supplier PSM International (PSM). In connection with the start of the integration work, PSM's CEO Marco Suzuki has chosen to leave his position. Bulten's President and CEO Anders Nyström will take over the management of PSM until a new managemen...
Bulten moves and expands its manufacturing facility in Taiwan
Bulten has signed a lease contract on a manufacturing facility in Taipei through its subsidiary PSM Fasteners Taiwan Ltd (PSM Taiwan). The new location allows for a more efficient and sustainable operation and a base for further expansion. The current operation of PSM Taiwan will be moved to the new...
Changes in Bulten's Group Management
Bulten has recruited Markus Baum to a newly established position as Chief Commercial Officer (CCO) with global responsibility for marketing and sales, as from November 1, 2020. Claes Lundqvist has been appointed acting Chief Financial Officer (CFO), starting on August 1, 2020. Furthermore, Fredrik ...
Bulten is awarded a major FSP contract
Bulten has been awarded an FSP (Full Service Provider) contract for supply of fasteners to a European automotive manufacturer which is also one of its existing customers. The contract is a transfer of an ongoing FSP set up for two assembly plants and the annual order value is of approximately EUR 60...
Bulten acquires minority post in TensionCam Systems AB
Bulten has today acquired newly issued shares in TensionCam Systems AB for a purchase price of SEK 6 million. After the acquisition, Bulten becomes the owner of 27% of TensionCam's shares. Thus, Bulten and TensionCam will deepen their cooperation in the development of wireless clamp force monitoring...
Notification of changed shareholding
On 28 February 2020, Bulten AB transferred 1 million shares in connection with the acquisition of PSM International as part of the purchase price. The company's holding of own shares thus amounts to 52,215 shares, corresponding to about 0.2 percent of the total number of shares in the company.
Bulten completes the acquisition of PSM International
Bulten today announces that the acquisition of PSM International Holdings Limited (“PSM”) has been completed. Closing of the transaction follows the announcement on December 20, 2019, that Bulten has signed an agreement to acquire PSM at a purchase price amounting to USD 24.5 million (SEK 230 millio...
Bulten launches BUFOe - a new energy efficient product line
As part of Bulten's sustainability strategy, BUFOe is launched - a new product line focusing on energy efficiency. By replacing conventional fasteners in a vehicle with BUFOe, CO2 emissions can be reduced by more than 30% in the manufacturing process. Bulten thus contributes to solving the climate c...
Bulten’s Q4 report 2019
Strategic measures implemented, strong order bookings and an agreement for acquisition create a stronger position for 2020.
Bulten’s Q3 report 2019
Positive development of order intake, earnings impacted by items affecting comparability and lower production rate.
Bulten appoints new Senior Vice President Production
Bulten has appointed Fredrik Bäckström as new Senior Vice President Production. He takes up the position on December 1, 2019 and will be a member of Bulten’s Executive Management Team. Fredrik succeeds Jörg Neveling, who will retire on October 31, 2019.
Notification of Major Shareholding
Bulten AB (publ) has today acquired an additional 4,500 own shares, which means that the company's holding of own shares as of July 15, 2019 amounts to 1,052,215 shares, 5.0 percent of the total number of shares and votes in the company.