Troax Group strengthens position in Asia with a new acquisition
Troax Group, a global leader in industrial safety solutions, announced on 31 October the acquisition of Vichnet – a market-leading company in machine guarding and wire tray solutions in China and Southeast Asia.
Vichnet, headquartered in Ningbo – China, was established in 2006 and employs approximately 300 people. Since its establishment, Vichnet has grown profitably and today offers a comprehensive range of safety solutions for the Chinese as well as export markets. Through its focus on innovation, quality, and reliability, Vichnet has become a trusted partner for businesses across various industries. Just like Troax Group, Vichnet offers its customers “peace of mind”.
In addition to a strong machine guarding offering, the wire tray business expands the Group’s capabilities and provides further growth opportunities, particularly in the data centre segment.
“I am very pleased to welcome Vichnet into the Troax Group. With a market-leading position in China and strong focus to innovation, Vichnet is an important addition to the Group on our mission to create safer workplaces worldwide. This platform acquisition is in line with our strategy, and by joining forces, we will improve customer service, add flexibility, and widen our solutions portfolio. I am looking forward to working with Jessie Wen and the Vichnet team”, says Martin Nyström, President and CEO of Troax Group.
Strategic synergies between Troax Group and Vichnet
This acquisition reinforces Troax Group’s commitment to becoming the Global market leader for safety solutions in selected segments. We already hold a market-leading position in Europe and America and have been growing profitably in Asia for years. With the acquisition of Vichnet, Troax Group takes a major step forward in Asia and becomes the leading player in China and across the region. Together with Vichnet, Troax has secured a platform with the size, skills, and capabilities of a market leader for Asia. Roughly 50% of the world’s industrial production is tied to China and Japan, and an increasing share of industrial robotics integration is led by integrators from this region.
With the acquisition of Vichnet, Troax Group strengthens its offering of machine guarding solutions tailored for Asian markets. In addition, the portfolio expands with wire trays specifically designed to improve productivity and safety across various industries.
“We join Troax Group to combine our strengths: their global footprint, our Asian market position, and a shared drive for innovation. This is the catalyst for our future growth.” says Jessie Wen, Managing Director and co-founder of Vichnet.
For further information, please contact:
Vergil Dai, Strategy Director, Vichnet,
Maria Feldborg, Head of Marketing, Troax Asia Pacific,
Michael Standar, Regional President, Troax Asia Pacific,
About Troax Group
Troax Group is the leading global supplier of indoor perimeter protection for manufacturing and warehousing environments. Troax develops high quality and innovative safety solutions to protect people, property and processes.
Troax Group AB (publ), Reg. No. 556916-4030, is a global company with a strong sales force and efficient supply chain. With local presence we offer excellent customer service and quick deliveries. We are represented in 42 countries and employ roughly 1200 people. The Company’s head office is located in Hillerstorp, Sweden.
About Vichnet
Ningbo Vichnet Technology Co., Ltd, based in Zhejiang province of China, has been dedicated to the field of intelligent safety solutions for 19 years.
The company provides perimeter fence guarding, cable routing, intelligent safety products and technical services to leading companies in industries such as logistics and warehousing, data centre’s, food and beverage machinery, and automotive manufacturing, serving customers both at home and in selected overseas markets such as the Americas and Southeast Asia.