Our strategy for achieving our targets
The Nolato Group aims to have long-term growth and generate a stable return for shareholders. We aim to be an advanced high-tech partner for our customers, on a regional/global market.
We aim to achieve this by ensuring our employees are highly capable, by investing in advanced development technology and by offering global and competitive lean manufacturing. With a few exceptions (such as EMC), we operate based on a customer-oriented strategy instead of a segment-oriented strategy.
Focus on large customers in segments with organic growth.
We operate our business in a decentralised way in accordance with Nolato’s Code of Conduct, which is specified by means of Group-wide targets on the environment, social responsibility and business ethics. Nolato aims to be at the forefront of sustainable development measures.
We aim to continue looking for acquisitions, primarily within polymer products and systems relating to the Medical and Industrial business areas, and we aim to position our business to benefit from outsourcing opportunities.
Those companies that we may be interested in should essentially have the same corporate culture and approach as Nolato and provide relevant customers and an opportunity to expand either geographically or in terms of capabilities. It is important that acquired companies are not turnaround businesses, but operationally and financially stable companies.
We will also consider selective acquisitions in the EMC area. In 2016, Nolato acquired Poland-based Grizzly Medical and Switzerland-based Treff AG. The latter has operations in both Medical Solutions and Industrial Solutions business areas.
Business areas’ focus for growth
Medical Solutions has a global growth strategy, with the aim of growing in America, Europe and Asia. This business area sees growth opportunities on a market with increased healthcare needs, with customers increasingly outsourcing production to skilled suppliers.
Integrated Solutions is increasingly focusing on customers in Europe and the US, although Asia remains an important market. In Mobile Phones, the company mainly sees growth opportunities within existing production capacity, which reduces financial risk. In EMC – electromagnetic compatibility – Integrated Solutions sees opportunities for continued growth in the telecom segment through new applications for the ‘internet of things’, as well as in other segments such as automotive and medical technology. Acquisitions may also be a possibility.
Industrial Solutions is mainly a Nordic business but it also has operations in selected markets in Central Europe. The objective is for growth to mainly take place on existing markets with the possibility of bolt-on acquisitions.