Tribonex strengthens global market position

Tribonex AB, a supplier surface treatment technologies for friction and wear reduction, announced the addition of an equity partner, EIT InnoEnergy, a major investor in the sustainable energy innovations arena, with a significant participation also from First Venture Sweden AB, the main shareholder in Uppsala, Sweden–based Tribonex.

The company said the fresh capital injection comes at a strategic moment, as it has moved from process development to full scale industrialization and implementation of its Triboconditioning surface treatment for industrial and automotive applications.

Tribonix has picked up new investors. (Photo: Tribonix AB)

In this next growth phase, Tribonex said it plans to expand the production capacity in-house and through production and developmental partners and to solidify the solution for gears used in electric and hybrid vehicle applications. Other applications include industrial components such as gears, bearings, hydraulic motors, pumps, compressors and machine tooling.

“Partnering with strategic investors in the sustainable energy sector such as First Venture Sweden AB and InnoEnergy not only provides us with the resources to drive forward and establish our solutions in the market, but also reaffirms the significance and potential of our work in the industry,” said Christian Kolar, Tribonex co-founder and CEO. “We see great opportunities in the transition that the automotive and other industries are currently undergoing in the strive for more efficient solutions with minimized energy consumption and material waste. Thus, we are delighted that we are getting to a position where we can make a real difference through direct supply of our novel surface treatments.”

Tribonex offers surface treatments of mechanical parts for minimized friction and wear, based on a patented mechano-chemical technology.