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Novedo AB, a niche industrial group within Industry, Infrastructure and Installation and Services has today announced the acquisition of Stantræk A/S, an industrial company specialized in customized components and sheet metal parts for industrial applications. The deal has been announced on Tuesday, 28 February 2023 and is expected to close in Q1 2023.
Stantræk with close to 70 employees was founded in 1967 and is based near Aarhus in Lystrup, Denmark. The company has developed a solid and diversified B2B customer base in various industries, including wind/energy, electronics, and the process industry. Stantræk’s sales amounted to approximately DKK 148m in 2022.
Stantræk is expected to be consolidated into the Novedo Group during Q1 2023 and will become part of Novedo’s Industry business segment. Owners and sellers are CEO Morten Petri Lauritsen and COO Henrik Miltz who will become shareholders of Novedo in connection with the transaction.
Morten Petri Lauritsen, CEO of Stantræk, said: “It is with great pleasure that we become part of Novedo today. The benefits of being part of a highly decentralized group give us the best of both worlds; We can continue to conduct our business independently while leveraging the Group's combined expertise, experience and resources to further accelerate our expansion and profitability. From the first contact, there has been very good chemistry between each party and both Henrik and I look forward to being part of a larger Nordic business structure with new and exciting perspectives.
Per-Johan Dahlgren, CEO and President of Novedo Group, said: “We are very pleased that Stantraek, headed by CEO Morten Petri Lauritsen and COO Henrik Miltz, will now become part of Novedo. With its long and solid industrial experience, high technical competence and strong market position, Stantraek will be an important building stone in our work to continue to expand our business segment Industry.”
Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Strategy and Transactions page.