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FlexQube founders ringing the NASDAQ bell

Our Story

The FlexQube story began over 30 years ago in central Sweden, with three boys who developed a love for playing with Lego®. They grew up and embarked on their professional careers, but the love of being able to build constructions in a seemingly endless number of permutations stayed with them.

While working for a global manufacturer of construction equipment, Per Augustsson (CTO, Chief Technical Officer, FlexQube) noticed that the handling of materials did not meet modern requirements. The industry’s standards for welded solutions could not be sufficiently adapted to the constant changes within the industry.

An industrial cart used to transport certain items from the store to the assembly area was welded together using the dimensions and weight of the items. When a product life cycle was modified, this industrial cart was no longer suitable for new items and had to be scrapped.

Investor Overview

Per Augustsson realized immediately that because the production lines were being changed more frequently, there was also an increasing need for a customized solution for handling materials. ”I realized that there was a need for a supportive, robust and easily adaptable solution. The more I looked into it, the more I realized that a concept with a small number of standardized building blocks was what was needed,” says Per.

This insight led to the birth of the three friends’ FlexQube idea. With it, they created a professional, robust and flexible material handling concept based on the principle of building blocks.

They considered quite a number of ideas before Per, along with Christian Thiel (CFO, FlexQube) and Anders Fogelberg (CEO, FlexQube), finally settled on the new concept.

”As we approached the concept in the early days, we quickly saw the strength of a bolted solution. Many people are concerned about this, but they don’t realize that there’s a reason why you don’t weld your tires to your car – you’ll need to replace them in the future. This is something many leaders in the industry now realize is necessary for material handling,” says Anders.

FlexQube offers a flexible system with standardized building blocks that can be used to construct industrial material handling applications, such as pallet carts, kit carts and shelf carts. The products can be disassembled and adjusted; they are flexible. The concept saves both time and money when a new design is needed.

”The product is inspired by Lego®. We use an interval of seven centimeters in all the components, so you can easily design and assemble them into different solutions. Regardless of how you connect our products together, you get the same interface – just like you do with Lego®”, says Christian.

FlexQube has grown since it started and today helps over 500 customers in up to 25 countries – and the customer base keeps growing. It has customers in a wide range of industries: automotive, construction and agriculture, heavy vehicle (buses, trucks, trains), distribution and storage, aviation, domestic appliances, consumer goods, energy, medical equipment, and defense.

On Thursday, December 14, 2017, Anders, Christian and Per reached one of the interim goals when FlexQube was listed on Nasdaq First North in Stockholm, and in its first year as a listed company posted growth of around 140 percent. A lot has already happened in the FlexQube story; a short story, so far, but the robust, modular concept has much more potential, and we are still at the beginning of our journey.

FlexQube founders at the FlexQube office

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FlexQube CEO Anders Fogelberg
CEO

Anders Fogelberg

Anders Fogelberg has a Masters of Science in Mechanical Engineering & a bachelor’s degree in industrial & financial economics from the School of Economics at the University of Gothenburg. Anders founded FlexQube in 2010 alongside Christian Thiel & Per Augusston and has previously worked as a management consultant at Accenture with a focus on Supply Chain Management.

Holdings in the company: Anders Fogelberg holds, through companies, 1,256,483 shares in the company.

Heidi Bader - FlexQube CFO
CFO

Heidi Bader

Heidi Bader has a Master of Science in Management and a Bachelor’s degree in Accounting from the School of Economics at the University of Gothenburg. Heidi joined FlexQube in August 2021. Heidi has most recently worked at DB Schenker and previously with AB Volvo. Heidi has extensive international experience within financial reporting, business control and business planning. Heidi has a data-driven approach and brings skills in driving change to catalyze company performance.

FlexQUbe CTO Per Augustsson
CTO

Per Augustsson

Per Augustsson has a Master of Mechanical Engineering from Chalmers University of Technology. Per founded FlexQube in 2010 alongside Christian Thiel & Anders Fogelberg and has previously worked with Volvo as a project manager focusing on product development & investment.

Holdings in the company: Per Augustsson holds, through companies, 1,458,443 shares in the company.

FlexQube marketing manager Luke
CMO

Luke Goodwin

Luke has a Bachelor of Business with a Major in Marketing from USC, Australia. Luke came to FlexQube with previous experience within marketing software and construction industries with a focus on digital marketing, SEO & content creation. He has been with FlexQube for over four years establishing the marketing department.

Holdings in the Company: Luke Goodwin holds in the company 586 shares and 12 000 stock options.

CFO of FlexQube Mikael Lindbäck

Mikael Lindbäck

Mikael Lindbäck has a Master of Science in Accounting and a Bachelor’s degree in Corporate Finance from the School of Economics at the University of Gothenburg. Mikael joined FlexQube in September 2019. Mikael has previously worked as the CFO of industrial workplace equipment supplier, Gigant AB and Grunda AB (B&B Tools AB (publ)), before moving on to become Head of Finance at cloud-based transportation & delivery management firm, Centiro Solutions AB. Mikael brings extensive knowledge and experience in developing and running finance departments in fast-growing companies, working closely with the operations. In addition, Mikael brings well-developed computer, digital, and automation skills.

Holdings in the company: Mikael Lindbäck currently holds 12 646 shares in the company.

Tomas Örtendahl - FlexQube
COO

Tomas Örtendahl

Tomas has a Master of Science in Mechanical Engineering from Chalmers University of Technology. Tomas joined FlexQube in June 2021. Tomas came to FlexQube with previous experience within operations from Companies like Volvo Trucks, GKN Aerospace, and Plasman Group.

Holdings in the Company: Tomas Örtendahl holds in the company 1550 shares and 22 000 stock options.

FlexQube CFO Christian Thiel
Chairman of the board

Christian Thiel

Christian Thiel has a Master of Law and a Bachelor’s degree in industrial & financial economics from the school of economics at the University of Gothenburg. Christian brings with him experience in the legal area and extensive knowledge in the area of business finance and transactions. Christian has several years of knowledge in starting & operating companies in various industries.

Holdings in the company: Christian Thiel holds, through companies, 1,945,000 shares in the company.

Served on the board since 2010.

Christian is not independent in relation to the company, the executive management, and major shareholders.

Board of directors
Board Member

Anders Ströby

Anders Ströby has a Master of Science in Mechanical Engineering & completed economic studies at Stockholm University. Anders has extensive experience from a wide range of assignments including Executive roles within the Husqvarna Group, Electrolux Outdoor Products, & Jonsered AB.

Holdings in the company: Anders Ströby holds, through companies, 70 000 shares in the company and 22 000 stock options in the company.

Served on the board since 2017. 

Anders is independent of the Company and the Executive Management and independent of major shareholders.

Michael Bluhme
Board Member

Mikael Bluhme

Mikael Bluhme has a background in Economics from IHM Business School and Executive Foundation Lund.

Mikael is Partner at RoosGruppen AB since 2013 and has for the last 30 years worked as, with, and for entrepreneurs.

Mikael has worked internationally with sales, marketing, and business development and has lived and worked in The US and Germany for several years.

Holdings in the company: RoosGruppen AB holds 1 089 654  shares in the company and Mikael Bluhme has personally 21 300 shares and 22 000 stock options

Served on the board since 2020.

Mikael is independent of the Company and the Executive Management and not independent of major shareholders.

FlexQUbe CTO Per Augustsson
Board member

Per Augustsson

Per Augustsson has a Master of Mechanical Engineering from Chalmers University of Technology. Per founded FlexQube in 2012 alongside Christian Thiel & Anders Fogelberg and has previously worked with Volvo as a project manager focusing on product development & investment.

Holdings in the company: Per Augustsson holds, through companies, 1,458,443 shares in the company.

Served on the board since 2010. 

Per is not independent in relation to the company, the executive management, and major shareholders.

Press releases

Non Regulatory
8 May 2023

New press release test

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Financial calendar

Annual Reports

Quarterly Reports

FlexQubes CEO comments on third quarter 2021

FlexQube Q3 2020 Quarterly Report

FlexQube Årsstämma 2020

Presentation: https://test.flexqube.com/uploads/d/33/flexqube-annual-meeting-presentation-2020-final.pdf 

FlexQube – Stora Aktiedagen Stockholm 2019

FlexQube på Introduce Investor Days 2019

Lär känna börsaktuella FlexQube – November 2017

FlexQube eQart Interview (German)

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Corporate Governance

Share Information

FlexQube (publ) is traded on NASDAQ First North in Stockholm Sweden.

The ticker symbol is FLEXQ and the ISIN-code is: SE0010547075

The first day for trading for FlexQube on Nasdaq First North was 14th December 2017.

More information about FlexQube’s share can be found at Nasdaq.

* Owner’s structure as of 2021-10-08

Financial Contact

CFO

Heidi Bader

+46 70 824 7146

Email me

Financial & other information

CEO

Anders Fogelberg

+46 702 86 06 74

Email me

General IR Information

ir@flexqube.com

+46 (0)736 79 39 38

Certified Advisor

FNCA Sweden AB

+46 8-528 00 399

info@fnca.se

Flexqube HQ

Aminogatan 20

431 53 Mölndal

Sweden

+ 46 72 711 1477

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FlexQube US Southeast sales manager
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