Preato Capital divests Machinery Group to Yleiselektroniikka
Preato Capital has divested its 93.77 percent holding in Machinery Group Oy to Yleiselektroniikka Oyj, a subsidiary to Preato Capital, for a cash consideration of approximately EUR 17.6 million.
Yleiselektroniikka is a Finnish company that offers products and components from leading electronics and measurement equipment suppliers. The combination of Yleiselektroniikka and Machinery creates a stronger technical trading group offering high quality electronic, measurement and industrial products, solutions and services. Business operations are conducted through the group’s independent subsidiaries in Finland, Russia and the Baltics. The new group has more than 300 employees in five countries.
Preato Capital acquired a majority share in Machinery in January 2017, in partnership with the management team and key personnel. Since Preato Capital’s entry, the company has experienced strong sales growth from approximately EUR 30 million to more than EUR 50 million in 2019, with continued strong profitability. Growth has been driven by a combination of several complementary add-on acquisitions and good organic growth.
Castrén & Snellman Attorneys Ltd has acted as the legal advisor to Preato Capital in connection with the divestment.
For further information:
Simon Hallqvist, +358 40 510 2760, Preato Capital AB
Machinery Group in brief
Machinery, founded in 1911, is a Finnish technical trading company that offers products and solutions from the leading principals in the market within industrial engines, generators, construction machines as well as tools and machines. In addition, Machinery provides maintenance and service services for the products and solutions of the principals it represents. Machinery’s central premises in Finland are located in Vantaa, Kerava and Tampere and it has around 90 employees.
Preato Capital in brief
Preato Capital is a privately owned company group that acquire and manage small and medium-sized companies in the Nordic region with focus on businesses with a proven business model and good cash flow. Preato Capital invests from its own balance sheet. The overall strategy is built on long-term value creation without any pre-determined horizon for our ownership commitments. Preato Capital has offices in both Stockholm and Helsinki.