On 31 August 2016, Texo Holding AB sold all shares in Texo Application AB to IKEA.

Texo Application AB is active in the logistics sector and since 2001 involved in the development of different automated storage solutions, such as advanced lift and cargo handling equipment. The company has its registered office in Älmhult and has 24 employees.

Texo Application AB, which has a pre-existing cooperation with IKEA, will now become a part of Inter Ikea and will be an important part of IKEA’s work to improve the effectiveness of stockpile management and to further improve the customer experience at the IKEA stores around the world. At completion of the transaction, a cooperation agreement has been entered into between Texo Application AB and its former sister company Texo AB.

Moll Wendén has through Stefan Wendén and Mikael Karlsson assisted Texo Holding AB.