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History

Founded by Hugo Teodor Tillquist

1895

Hugo Tillquist Elektrotekniska was founded in Stockholm’s Old Town

1965

First-generation transducers developed

1968

Founder family Tillquist sold its shares to Swedish AEG-Telefunken

1980s

International expansion, primarily into the Middle East – today our largest market after Scandinavia

1980s and 1990s

Mergers and spin-offs. Management buyout from Sandblom Stohne in 1999 created today’s private ownership structure

2008

Name changed back to Hugo Tillquist AB

2010s

Acquisition period. Hugo Tillquist added companies including Wesmar, Oleico, Instrumentcenter and G Karlbom

2015

Exceeded sales of SEK 150 million

2016

Developed first generation of digital transducers

2018

Acquisition of Optonyx AB, a distributor of photonics components and systems

2020

Launch of Energy Storage business unit