Advised on Sale of CompanyAutomotive
Acquired 100% of Business Operations
Advised on the sale of Uppakra Mekaniska AB, a Skillingaryd-based manufacturer of metal cutting machine tools to Eket Industrier AB, a manufacturer of metal cutting machine tools.
Uppåkra Mekaniska is an established and reputable supplier of advanced precision machining with connections to several global OEMS such as Volvo, Scania, Coesia Group and SKF.
Eket Industrier is one of Sweden's leading companies in advanced cutting machining. Ekets is aimed at customers who require complex mechanical components with high demands on precision and quality. The Group has a broad customer base in the defense industry, medical technology, hydraulics, optics and engineering industries.
Uppåkra Mekaniska was looking for a new partner to secure future growth. Given that Ekets is more focused on hydraulic technologies and Uppåkra more on automotive and heavy vehicle applications, the two organizations complemented each other notably well. Through the acquisition, Ekets and Uppåkra are able to offer broader and more flexible production capacity to the common customer base while making the Group a more competitive supplier to new customers. The merged entity is today the leading subcontractor for industrial machining and metal processing in the Nordic region, with an expanded global reach and suite of products.
"With the acquisition, we strengthen and consolidate our leading position in advanced processing while forming one of Sweden's major cutting-edge actors," says Anders Josefsson, CEO of Ekets.See case study >