As the majority owner of Aluwave AB, Tången is proud to support and enable the acquisition of Barel AS, a leading lighting company based in Kirkenes, Norway. This strategic partnership marks a significant step forward in our shared ambition to expand and strengthen Aluwave’s position within the professional lighting market.
“We see this acquisition as a natural step in our strategy to support and strengthen our portfolio companies,” says Per Skånberg, Chairman of the Board, Tången. “Barel AS is a well-managed company with a strong market position, and we look forward to building on the solid foundation already in place.”
The acquisition of Barel AS reflects Tången’s long-term vision of making good companies even better by providing resources, expertise, and networks that enable continued innovation and growth. By combining the strengths of Aluwave and Barel, new opportunities are created to develop advanced, customized solutions that meet the growing market demand for sustainable and innovative technology.
“This is an exciting moment for both Aluwave and Barel,” Skånberg continues. “With Tången’s global network and experience, we look forward to opening doors to new markets and strengthening the company’s position both in the Nordics and internationally.”
Bård Gamnes, CEO of Barel AS, shares Tången’s optimism about the future: “With Tången’s support and their focus on sustainability and local value creation, we see great opportunities to continue growing and developing our business,” he says.
Tången’s involvement in this acquisition is a key part of the company’s strategy to create long-term value for its portfolio companies and their stakeholders. By supporting companies like Barel and Aluwave – both with the potential to lead development within their respective fields – Tången contributes to a sustainable and profitable future for all parties involved.
