Advised Trestads Precisionsmekanik, a subcontractor of complex machined componens, on its sale to K.P. Holding, one of Denmark's larger subcontractors in machining.

KP Group is one of Denmark’s largest subcontractors within machining, with manufacturing units in Denmark, USA, and now also Sweden. The company supplies parts to a wide range of customers within the hydraulic, wind turbine, processing, marine and offshore industries.

KP Group’s turnover is expected to exceed DKK 500m in 2016, and has approximately 300 employees. The company is owned by the Private Equity fund Segulah IV L.P., Martin Krogh Pedersen, and management employees.

This strategic acquisition gives KP Komponenter an important platform on the Swedish market and is part of the company’s plan for further expansion in Sweden.

“TPM AB has built up a strong position in the Swedish market, and its platform and technology matches our other companies in the group perfectly”, states Martin Krogh Pedersen, who, as the vice chairman of the KP Group board, is in charge in the search for strategic merge candidates.

“We are looking very much forward to cooperating with the TPM team and to the new possibilities this will bring to our group. Also, we are pleased that both Anders Jonsson and Ove Olsson will continue in the company in Sweden. This will ensure a high continuity and support increased growth and new possibilities with existing as well as new customers. After many years’ considerable contribution Thomas Lööf has decided to retire during 2016, while Anders Jonsson will continue as the manager of TPM AB”, states Søren Husted, CEO for KP Group.