Teqnion AB engages in trading components, machines, systems, and services. It operates through the following segments: Industry, Growth, and Niche. The Industry segment offers industrial products and production plants. The Growth segment focuses on building up and broadening the scope of novel products. The Niche segment handles specialized industrial products and services. The company products include radio-frequency identification solutions, distributed input/output, sensor technology, connectors, solenoids, and breaks and clutches for telecom. The company was founded by Jonas Häggqvist, Johan Steene, and Erik Surén on October 10, 2006 and is headquartered in Solna, Sweden.