The company was founded under the firm CG Segerström by the manufacturer of the same name. The business was conducted in rented premises in the so-called Sliphuset by Lillån. The grinding house has now been demolished and was located opposite the current university on Hamngatan. From the start, the production was turn-turning of bicycle gears. The 1st investment on 1906-10-01 was a lathe for 800 SEK. After a few years, they also started with nickel plating.
Thermos flasks began to be manufactured - a production that lasted for about ten years.
The business was supplemented with the manufacture of gift articles in copper. Ragnar Svensson was employed by the company, which employed ten people.
The company was transformed into a trading company, Firma Segerström & Svensson. Ragnar Svensson joined as half owner. Nickel silver and brass items were taken up in the manufacture.
The company, which had 20 employees, was transformed into a limited company with a share capital of 30,000 SEK.
The company moved into newly built workshop premises of 600 m² at Björksgatan in Eskilstuna.
During and after World War II, the company expanded greatly. The workforce was approximately 50 people. Ragnar Svensson became sole owner.
The workshop was expanded by 1,000 m². New modern surface treatment plant and polishing machines were installed. The turnover was 2 MSEK.
Manufacturing was focused on contract work, including with Volvo as a customer.
1960 First export sales began.
The business was expanded by a further 600 m². The workforce was 100 people and the turnover 5 MSEK. Own products were increasingly replaced by contract manufacturing for the automotive industry.
The share capital was increased to 75,000 SEK.
A new workshop building of 1,400 m² was built on a 10,000 m² plot, which was acquired with land rights in Valhalla.
Lennart Norman became the new CEO. Ragnar Svensson chairman of the board.
The share capital was increased to 300,000 SEK.
The workshop in Valhalla was extended by 1,000 m²
In addition, a new office building was erected. Major investments totaling close to 3 MSEK were made. The old premises on Björksgatan were sold in 1973 to Eskilstuna Municipality. Throughout the 70´s, the expansion of manufacturing for the automotive industry continued.
After a couple of difficult years in terms of results with run-in problems but with a continued high rate of investment, turnover increased and operating profit returned to a satisfactory level.
One of the company's most important competitors, the engineering company Albeka, was acquired. Gustav Celsing became the new CEO. Segerström's turnover is about 20 MSEK, of which gifts account for about half. Albeka, about 26 MSEK.
The old property was sold to Folke Bygg and during the holidays the company moved to Albeka's location, at its current address, Rinmansgatan 1. Extensive remodeling work and major investments in machinery and media supply followed the merger. The total turnover 53 MSEK and 184 employees. The following year is characterized by a strong expansion and business with customers in Automotive grows strongly.
At the end of the year, the subsidiary Segerström & Svensson Oy was formed in Nystad, Finland. The parent company's turnover is 93 MSEK. Number of employees 190 people.
Skandia Investment AB joined as co-owner with a 33 percent ownership stake. Hans Scharin new CEO.
After several years of negotiations, Ford Motor Co. placed USA's first order with us. Double S Giftware AB became a wholly owned subsidiary. Turnover 182 MSEK. Number of employees 280 people.
Segerström cleans up the business and gift goods manufacturing is divested. The group's turnover amounts to 175 MSEK and the number of employees to 235.
As part of the strategy to increase the share towards heavy vehicles, BEWAB in Bengtsfors is acquired. The group's turnover amounts to 212 MSEK and the number of employees to 235.
Plastic hubcaps are beginning to replace stainless steel. The development company UWC United Wheelcovers is formed together with Gränge's subsidiary Plastal. The company will develop and manufacture wheel caps. The group's turnover amounts to 198 MSEK and the number of employees to 254.
Continued expansion investments take place in Finland, for example, where the workshop space is doubled. The group's turnover amounts to 179 MSEK and the number of employees to 215. Nokia comes along as an interesting customer.
Magnus Norman takes over as CEO. The telecom industry is growing and manufacturing is developing from small series to more automated series production. Nokia's sheet metal processing operations in Salo Finland are acquired and become a subsidiary of S & S Nystad. The group's turnover including the Salo unit's sales volume for the full year 1993 amounts to 290 MSEK and the number of employees to 309 at the end of the year.
Strong expansion with the acquisition of S & S Salo and strong demand for Segerström's products. The group's turnover amounts to 366 MSEK and the number of employees to 377.
The group is listed on the stock exchange. ÅVAB (a utility company) in Åmål is acquired. The expansion of the Nystad factory is completed. The group's turnover amounts to 471 MSEK and the number of employees to 427.
An agreement is signed on the acquisition of EMV (Ericsson's Mekaniska Verkstad) and a decision is made on establishment in Hungary. The group's turnover amounts to 478 MSEK and the number of employees to 431.
From 1 January, EMV is included and the group is seriously establishing itself in Telecom. From September 1, Tryggarp's plate is also included in the group, the turnover increases to 1,453 MSEK.
Acquisition of the Ericsson factory in Brazil. Total turnover 1,787 MSEK, of which Automotive 426 MSEK.
Kurt Jofs takes over as CEO. Total turnover 1,869 MSEK, of which Automotive 440 MSEK.
The group is divided into two business areas, Enclosures Systems and Automotive. Automotive includes Eskilstuna, Bengtsfors, Ghent and half of Nystad. The group acquires a company in Scottland (Lewis C. Grand) During the year, sales within Enclosure increase by 75% and within Automotive by 12% to a total of approx. 2,700 MSEK.
The entire Segerström group is acquired by Sanmina, a US-based company with a business area called contract manufacturing. Segerström is delisted from the Stock Exchange.
Low economic conditions affect the Telecom industry and previously Segerström was forced to restructure hard with layoffs and closure of the factories in Bengtsfors, Nystad and Tenhult. Business area Automotive does not fit into Sanmina's strategy and ends up on the list for sale.
In May, ISE acquires Segerström Automotive from Sanmina-SCI. Immediately starting a factory in Tallinn, Estonia for the production of more manual works and shorter series. Turnover budgeted at a total of approx. 370 MSEK.
Inaugurate the new Painting with ED + Powder coating
Jan, AQ Group buys Segerström and Svensson and becomes the new owner of AQ Segerström & Svensson AB
Jan, Per Vannesjö Industrier buys Segerström & Svensson and forms PVI Segerström AB.