Swedish company PiezoMotor AB, a world leading supplier of unique micro motor technology, makes a directed share issue to Crossbow AB, a company owned by Mr. Måns Hultman and Mr. Mats Nilstoft. Mr. Hultman is perhaps best known as one of the main driving forces behind Swedish success story QlikTech, where he acted as CEO and chairman for more than ten years
After having developed QlikTech into a successful and NASDAQ listed company, Mr. Hultman decided to dedicate his professional time to invest in and provide expertise to companies with unique technology and strong growth potential. PiezoMotor now joins as one of his selected investments.
"Måns Hultman and I got to know each other through our ten-year collaboration in QlikTech. Few people represent such experience in creating growth – I cannot think of a better investor in PiezoMotor. The company has grown significantly in 2013, but that's just the beginning. PiezoMotor has the potential to continue to grow sales to customers worldwide", says Adam Dahlberg, chairman of the board of PiezoMotor AB.
"PiezoMotor has many of the ingredients I like. Cutting-edge technology – with the potential to actually change the world – and the company has come a long way in attracting customers in many key markets globally and delivering to several high-demanding applications. I look forward to following this exciting high-tech company and support the PiezoMotor team”, concludes Mr. Hultman.
Swedish high-tech company PiezoMotor AB develops, manufactures and markets cutting-edge micro motors based on patented technology. The company’s products enable extreme miniaturization, precision and energy efficiency.
Small electric motors are used in many industries such as semiconductor industry, optics, telecom, medical technology and defense industry and the world market for small electric motors is worth more than 10 billion Euros annually. PiezoMotor AB sells its products through its own sales force and in cooperation with, among others, German-American industrial group Faulhaber Group and its global distribution network.
PiezoMotor AB is privately held and financially backed by well-known Swedish, German and American industrial investors.