The Danish investment company Schouw has signed an agreement to acquire Specma Group from the listed Swedish investment company Latour for an Enterprise Vale of SEK 820 million. Specma Group is a leading Nordic hydraulics company with sales of almost SEK 1.4 bn and more than 750 employees.
Investment AB Latour (publ) has today signed an agreement to divest its business area Specma Group to Hydra-Grene, a wholly owned business of Danish long-term industrial conglomerate Schouw & Co. The divestment is subject to approval by relevant antitrust authorities and closing is expected in connection with the year-end.
Specma is an industry leading company in the Nordic market, providing hydraulic application systems and components to its customers. The business area is divided into two divisions, a Global Division which supplies components and hydraulic systems to large international OEM customers and a Nordic Division which supplies components and hydraulic systems to Nordic OEM customers, serves the after-market via some 100 resellers and offers a MRO concept. In the recent years, Specma has had a major focus on improving internal processes and increased efficiency. The work undertaken by long-term improvement activities has brought good results. For the last twelve months, Specma reports net sales of SEK 1 355 m, operating profit of SEK 67 m and has 755 employees.
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