Troax Group Acquires Dancop
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Read the original article on troax.com
Hillerstorp, 6 November 2025, 14:00 CET
Troax Group, through its subsidiary Troax AB, has entered into an agreement to acquire all outstanding shares of the following PGH Groupe ApS companies: Danish Dancop A/S, German d-flexx DE GmbH and Swedish d-flexx SE AB.
Dancop A/S was founded in 1975. The company started as a supplier of high-quality traffic, observation and inspection mirrors. Over the following 50 years, the company has added industrial safety products to its portfolio, with flexible safety barriers being its main and fastest-growing product today. The company is headquartered in Slangerup, Denmark, and sells its products on all continents through its European sales subsidiaries and distributors.
The companies being acquired had revenue of approximately EUR 6 million in 2024.
"I am pleased to welcome Dancop A/S and its sales subsidiaries to the Troax Group. With a leading position in safety mirror solutions and a strong product offering in flexible barriers, the company provides an important addition to the Group's industrial safety product offering," says Martin Nyström, President and CEO of Troax Group.
"I am very pleased that we are joining the Troax Group and adding a relevant and highly capable product to the Troax product family. I am proud to have led Dancop for the past 20 years and I look forward to being part of Troax Group and, together with the Dancop and Troax teams, taking our product portfolio to new heights," says Peter Grynnerup, Managing Director and owner of Dancop A/S.
"The addition of Dancop A/S's product portfolio, expert organization and efficient production forms a strong basis for the new Barrier Product Line within Troax New Business. We are excited to welcome the Dancop team to Troax Group and to offer the new product range to our customers worldwide, on our path to becoming a leader in industrial safety solutions," says Jonas Lindqvist, President New Business at Troax Group.
The acquisition will be financed from Troax Group's existing cash resources on a cash-free/debt-free basis. A performance-based earn-out payment will take place in 2028, depending on the achievement of profitable growth targets. The transaction is expected to be completed today. The transaction costs incurred in the fourth quarter are not expected to be material.
The acquisition is not expected to have a material impact on Troax Group's earnings per share or on net debt/EBITDA.
