Pressmeddelande -
New Keystone Advisers transaction: Husqvarna acquires Klippo
Husqvarna has signed an agreement to acquire Klippo AB, the largest producer of petrol-driven walk-behind lawn mowers for the Swedish market, from the Thomée Group.
Klippo's product offering mainly includes walk-behind lawn mowers for professional users. In 2005, the company reported sales of approximately SEK 140 million and operating income of approximately SEK 20 million. Sweden accounts for approximately two thirds of sales. The company has about 50 employees, and manufacturing is based in Sweden.
The acquisition is subject to approval by the relevant authorities and is expected to be finalized during the first quarter of 2007. The operation will be included in the Group's Professional Products business area.
Keystone Advisers acted as advisor to the sellers Thomée Group in the transaction.
Ämnen
- Ekonomi, finans
Keystone Advisers is a fully independent Corporate Finance firm offering
advice related to mergers and acquisitions (M&A), divestitures, as
well as various financing arrangements. The firm has advised on
approximately 140 transactions to a variety of different clients in a
number of sectors since the inception in 2000. Keystone Advisers is a
Partner owned firm and where the founders have experience from
Investment Banking and Management Consulting from some of the largest
global institutions. We are a team of 14 professionals at the Stockholm
office and in addition we have an own organization in the Baltic
countries. Keystone Advisers aims to be the leading mid-market M&A
advisory firm in the Swedish market.