Delphi has advised Momentum Group on the deal.
Momentum Group has signed an agreement to acquire 70 percent of the shares in Mekano AB and 100 percent of the shares in Mekano i Sävedalen AB, thereby further strengthening the Group’s market position in service and maintenance for Swedish industry.
Mekano is one of Sweden’s leading suppliers of products and services for the industrial services market and will be part of Momentum Group’s business area Components & Services. The two Mekano companies generate combined annual revenue of approximately MSEK 145 with favourable profitability and have about 85 employees.
Mekano is a comprehensive supplier of high-quality products and services with a focus on service and cost savings for industrial customers in areas such as the process, manufacturing and food industries as well as in maritime and the public sector. Mekano was founded in 2010 and has delivered favourable growth since then, with good profitability. Together, the companies have about 85 employees and their own units in Helsingborg, Malmö, Perstorp and Gothenburg, with customers primarily based in western and southern parts of Sweden.
Momentum Group is a leading reseller of industrial consumables and components, services and maintenance to professional end users in the industrial and construction sectors in the Nordic region. The Group has annual revenue of approximately SEK 9.5 billion and some 2,700 employees. Momentum Group AB (publ) is listed on Nasdaq Stockholm since June 2017.
Delphi’s team consisted of Mats Dahlberg (Picture), Linn Strömberg, Therese Virgin, Erik Ålander, Fredrik Nykvist, Emmy Falck, Christoffer Malmström, Christina Björn, Erica Nobel and Carolin Hammar.
Involved fees earner: Erik Ålander – Delphi Advokatfirman; Christina Björn – Delphi Advokatfirman; Mats Dahlberg – Delphi Advokatfirman; Emmy Falck – Delphi Advokatfirman; Carolin Hammar – Delphi Advokatfirman; Christoffer Malmström – Delphi Advokatfirman; Erica Nobel – Delphi Advokatfirman; Fredrik Nykvist – Delphi Advokatfirman; Linn Strömberg – Delphi Advokatfirman; Therese Virgin – Delphi Advokatfirman;
Law Firms: Delphi Advokatfirman;
Clients: Momentum Group AB;