FROM TYNGEL TO THE WORLD
The story of Troax began in a chicken shed, in the village of Tyngel in Sweden. Four country lads became entrepreneurs and started on a journey that made Troax a global company, with activities all over the world. Follow its history from 1955 to the present day, and on into the future.
1955
Hatching a Global Leader
The four country lads, Erik, Folke, Helge, and Sven Axelsson were born optimists. Optimism is essential for all farmers but was especially important after WWII. At that time, most people were born into farming, a tough life, but these four brothers wanted to do something more with their lives. In 1955, they sowed a new seed that would grow way beyond the fields of Tyngel. Their company ‘Bolaget Axo Järn och Metall’ was born.They not only transformed a chicken shed into a workshop, but they also transformed their dreams into reality.
1960
BIG THINGS START SMALL
By the mid-1960s, the Axelsson brothers had expanded their product line to include a variety of steel products. This range featured practical items for everyday use, such as kitchen implements and washing baskets, catering to the needs of households. Additionally, they began producing carts and mesh partitions, which were designed for organizing and dividing spaces in basements and lofts. These mesh partitions, in particular, proved to be more than just functional; they laid the groundwork for what would become a central aspect of Troax’s offerings. This segment, initially a part of their diverse product portfolio, evolved to play a pivotal role in shaping Troax’s future, marking the beginning of their specialization in safety and protective solutions.
1965
TRO + AX = TROAX
Lars Troedsson from Stockholm partnered with the Axelsson brothers, leading to the formation of Troax, a sales company, in 1965. The name Troax is a blend of ‘Troedsson’ and ‘Axelsson’. Over the years, the company evolved through several names:
- 1955: Axo Järn och Metall
- 1964: Axo Metall AB
- 1965: Troax Försäljnings AB
- 1983: Troax Axo AB
- 1997: Gunnebo Troax AB
- 2011: Troax AB
- 2015: Troax AB and Troax Group AB
1970
SUCCESS LAY IN WAREHOUSES
Småland is a part of Sweden that has always been known for hard work, inventiveness, and enterprise. We have supplied the world with everything from motor saws to flatpack furniture. Warehouse partitions are yet another important contribution Småland has proudly made to the world. In the early 1970s, Troax expanded into Scandinavia to reach a wider market and took the next step with warehouses and garages, a completely new product range.
1983
TWO BECOME ONE
As Troax expanded, the need for a more organized structure became apparent. To streamline operations, the company merged its production and sales divisions into Troax Axo. This change in 1983 was followed by Gnosjö-Börsen AB’s acquisition of Troax AB, further enhancing Troax’s industry standing and capabilities.
1990
MACHINE GUARDING COMES TO LIFE
During the 1990s, the manufacturing industry, and the automotive industry in particular, began to automate production to an increasingly greater extent. This led to a significantly increased need for modern machine guarding. Troax led the way and also laid the foundation for what would become an entirely new level of industrial safety.
1994 – 2010
GUNNEBO AND TROAX
Between 1994 and 2010, Troax was part of Gunnebo Group, now a global supplier of safety products within cash handling, safe storage, access control and integrated security. In 1997, we also changed our name to Gunnebo Troax AB. Gunnebo disposed of Troax in 2010 as part of its new strategy. Since then, our name has been Troax.
2015
FROM FARM TO STOCK EXCHANGE
Troax took a strategically important step in 2015, when the group was floated on Nasdaq Stockholm. By that time, Troax had become a global market leader in area protection, which also mean we met all the right criteria to strengthen our market position still further. By listing Troax on Nasdaq Stockholm, we gained more opportunity to fulfil and exceed the expectations of our customers. Troax now operates on 6 continents, and is represented in over 40 countries. The rest, as they say, history.