J2 Sourcing AB acquires AAAAA Nordic AB

J2 Sourcing AB acquires AAAAA Nordic AB

The leading distributor of electronic components J2 Sourcing AB (J2) in Malmö, Sweden acquires AAAAA Nordic AB (5A) in Vellinge, Sweden. The investment is a first step in building a new business unit within the J2 Group, where the company wants to offer an expanded selection of suppliers to reduce costs and shorten lead times for the manufacturing industry and contract manufacturers within Europe.

The major disruptions in supply chains during and after the pandemic, have led many manufacturers to look for alternatives closer to Europe. The board of J2 Sourcing therefore decided late in 2023 to build a brand new business unit with the business idea based primarily on representing Asian leading manufacturers in electronic components in Europe, with stock on site in Sweden. 

5A has worked as a supplier of selected electronic components to the manufacturing industry and contract manufacturers in Sweden since 1997. The company is acquired by J2 Sourcing to form the platform in the new offer. The offer will be aimed at the European manufacturing industry including contract manufacturers who can thereby lower their manufacturing costs through a larger selection of suppliers to a corresponding quality level. 

Johan Andersson, Chairman of the board of J2 comments: “We see a clear gap in the market where we intend to fill the need with a strong and attractive offer with great growth potential.” 

The transfer includes the entire operation, including employees, customers and supplier contracts, and the plan is to further develop the organization. In connection with the acquisition, the current CEO retires and J2 appoints a new CEO for 5A in Mathias Bergman, with experience from the customer side. The goal is for the new venture to have a turnover of 1 billion within 5 years. 

“My experience from the customer side is that there are significant challenges for manufacturers in Europe to find the right suppliers in Asia” says Mathias Bergman, incoming CEO of 5A.

 

About J2 Sourcing AB: 

J2 Sourcing is a leading distributor of electronic components based in Malmö. The company started in 2004, employs about 120 people and the customers are leading brands in the manufacturing industry in Europe. J2 Sourcing has offices in Malmö, London and Tokyo. 

Contact information: 

Mathias Bergman, Incoming CEO 5A,                         mathias.bergman@j2sourcing.com 

Johan Andersson, Chairman of the Board J2              johan.andersson@j2sourcing.com

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