Daniel Zeng
Person
Daniel Zeng is a guest who discusses the Swedish serial acquirer Technion in a business breakdown.
What Daniel Zeng has said on podcasts
14 statements
Cutting costs creates greater value as the portfolio expands to 40–45 companies.
“when you have 40, 45 companies, being able to cut cogs just creates a lot more”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 19:23
China sourcing has a large effect because Teqnion’s companies are small.
“it gave so much effect because the companies we have are really small”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 19:54
Moving low-value manufacturing activities abroad enables focus on higher-value work.
“some of that we try to just move to China or Vietnam, Thailand, so that we can focus more on the high value add stuff”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 23:35
Teqnion has competence to maintain sourcing quality rather than buying random products.
“we have the competence to ensure that we're not buying Timo or Alibaba random stuff”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 24:36
Teqnion’s China sourcing has generated over 10 million in realized value.
“it's over 10 million realized value”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 25:14
Approximately half of Teqnion’s companies have tried the China sourcing channel.
“roughly half of the companies have tried to do something”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 25:32
Every subsidiary that tried China sourcing wants to use it again.
“every single company that tried to do it once, they want to do it more times”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 25:40
China sourcing will produce additional savings for Teqnion.
“there will be more savings that go through this avenue”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 26:23
Teqnion’s group margins will increase in the medium term.
“At least in the medium term I would say yes.”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 54:09
Leading serial acquirers have group-wide margins near 20–25%.
“the best serial acquirers, they have group-wide margins that are closer to 20-25%”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 54:27
Teqnion’s group margins will gradually approach 20–25%.
“we will slowly, slowly, you know, get closer to that”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 54:38
Each acquired company should outperform Teqnion’s group average and improve the group.
“every company that we buy... In my mind, it should be better than the average of our group, so our group becomes better.”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 54:48
Beyond roughly 20–25% margins, acquisitions become expensive, scarce, or potentially unsustainable.
“you get to a certain threshold that let's call it 20, 25%. After that, you either become very expensive or very few or maybe not sustainable.”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 55:26
Very high EBIT margins attract competition.
“when you have those margins, it, of course, invites competition as well”
Open the episode · Teqnion AB (TEQ.ST): Inside a Nordic Serial AcquirerListen at 55:55
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
