RoosGruppen increase their shareholding in FlexQube to 15% of the total shares

RoosGruppen AB, the investment company, owned by Håkan Roos, increased their shareholding in FlexQube from approximately 5% to approximately 15%. RoosGruppen have held shares in FlexQube since December 2018 and until now owned 4.9% of the company. After the last transaction that was made the same day as FlexQube reported their earnings for the third quarter, the ownership is up to about 15%. 

FlexQubes CEO Anders Fogelberg; ”It feels great to have such a successful and long term investor as RoosGruppen onboard our journey with FlexQube. RoosGruppen is actively contributing to the development of FlexQube, not just as a financial investor, but also through our board of directors with the board member Mikael Bluhme.”    

Håkan Roos comments,”Even if the development in the third quarter came in on the weak side for FlexQube, this is in our opinion solely due to the Covid-19 situation, and we assess the company from the pace and development it had up until the first quarter of this year. FlexQube is a long-term investment for us, where we are especially attracted by the development of automation solutions for the manufacturing industry. The robotization of material handling within the world’s factories is just in the beginning, and the company has a very interesting niche with the modular and robust cart concept. FlexQube today already has some of the world’s most prominent manufacturing companies on their list of customers, and the possibilities for growth are big.” 

About FlexQube

FlexQube offers a unique and patented concept that is used to design and deliver robust, modular and flexible material handling carts that can also run autonomous. The company has manufacturing in Sweden and USA and distribution in North America and in Europe. On December 14, 2017, the company was listed on the Nasdaq First North in Sweden.

FlexQube has some of the world’s largest manufacturers within automotive-, energy-, defense-, aerospace-, home appliances-, and construction machinery among their customers. Some examples are Volvo Cars, Siemens, Autoliv, Scania, Whirlpool, Eberspächer and Mann+Hummel.

For more information, contact the CEO, Anders Fogelberg

anders.fogelberg@flexqube.com

+46 702 86 06 74

The share (FLEXQ) is traded on Nasdaq First North. FNCA Sweden AB, telephone +46 8-528 00 399, is the Company's Certified Adviser. Read more at www.flexqube.com