About the company
Evolver Fund II has in January 2026 established Avon Group AB, a Swedish industrial automation platform formed through the parallel acquisitions of Ingenjörsfirma Evert Johansson AB and Steens Mekaniska i Tidaholm AB. The entrepreneurs behind the companies remain significant minority owners following the transaction, in line with Evolver’s partnership approach.
Avon Group is focused on industrial automation and specialised industrial manufacturing. Ingenjörsfirma Evert Johansson contributes extensive experience in customised automation solutions, robotics and system integration, while Steens Mekaniska complements this with advanced manufacturing and assembly of components, machinery and automation systems.
The group is built as a platform of independent specialist companies with strong local presence, own customer relationships and deep technical expertise. Through collaboration in selected areas such as commercial cooperation, resource sharing, knowledge exchange and common ways of working, Avon Group aims to make its companies stronger together while preserving the entrepreneurship that has driven their success.
Key Facts
- Avon Group is Evolver Fund II’s second investment
- Investment year: 2026
- Investor: Evolver Fund II
Investment Rationale
With Evolver’s backing, Avon Group will pursue its ambition to build a leading industrial automation group by combining strong entrepreneur-led companies with a decentralized operating model and selective add-on acquisitions.
The platform addresses long-term structural growth drivers such as industrial automation, shortages of skilled labour, nearshoring, and increasing requirements for efficiency, quality and sustainable manufacturing within Nordic industry.
Evolver sees an attractive opportunity to consolidate a fragmented market of profitable, entrepreneur-led niche specialists while preserving local customer proximity, accountability and technical excellence.
“We are building the group based on a clear conviction: the strongest industrial specialists are created by empowered teams with clear accountability and close customer relationships. Our role is to provide a stable, long-term platform for collaboration that makes these companies even stronger together – without compromising the entrepreneurship that has driven their success”, says Johan Porko, Partner at Evolver Equity.
