Advised on sale of the company

Consumer & Retail

GT Wire AB

Supplier of low-carbon steel wire. Sweden

Acquired 100% of the Shares

AbsoDry

Manufacturer of dehumidifiers Sweden

Advised on the sale of AbsoDry to GT Wire.

AbsoDry offers a full range of dehumidification products for consumers’ homes, holiday homes, caravans and boats. The owners realized that the company would benefit from being part of a larger organization in order to reach their full potential during the next couple of years. The brand and its own products are patent-protected. The products contribute to a healthier environment with better air and protect properties against moisture damage. The company's customer portfolio consists of both national and international customers.

 

AbsoDry realized that the company would need to be part of a larger organization to achieve full growth potential in the next few years. During the process, the owners of AbsoDry was able to meet a number of industrial players. The process resulted in GT Wire acquiring AbsoDry.

 

GT Wire is a privately owned industrial group in Hillerstorp with a turnover of approximately 270 MSEK. GT Wire is the parent company of Gunnars Tråd and Assars Industri.

 

IMAP was the seller's advisor during the transaction process.

 

 

 

 

Experts who worked on the transaction