Argynnis Group Acquires French Solaronics - Papermart

Argynnis Group Acquires French Solaronics

Consequently, the Group can now offer its customers a complete range of products and services in the non-contact drying based on infrared (IR) heating technology.

September 7, 2018

Argynnis Group
Argynnis Group now forms a new business unit that works with industrial heating and drying, including both Ircon and Solaronics.

Argynnis Group AB, formerly Binar AB, develops niche companies with unique products and technologies for professional customers. One of the companies is Ircon Drying Systems AB, which expertise is in industrial heating based on infrared and microwave technology.

Ircon is one of the world’s leading companies in non-contact drying based on electric IR technology. The products are, for example, used in the paper and board industry, contributing to both increased capacity and improved quality of the customers’ products.

With this acquisition, Argynnis Group can now offer an enriched range of products and services in Paper & Board and all other markets where both companies are active.

“As many large paper and board mills around the world have access to gas, we are happy to complete our range with gas driven IR products. Now our customers have access to non-contact drying based on IR heating – regardless of their energy supply” says Leif Gustavsson, Deputy CEO of Argynnis Group AB.

“This is an acquisition that feels very logical and fits well with our acquisition strategy. Since previously we have operations in France and our experience from working with French companies is that it works very well for us” says Jan Bardell, CEO, Argynnis Group.