Transactions - Industrials

Governia Oy, a 100% state-owned investment company used for special-ownership restructuring purposes, acquired Pajakulma from Raskone. Pajakulma equips versatile commercial vehicles according to customer specifications. Raskone is one of the largest chains of service shops in Finland.

The Helsinki-listed wiring systems and electronics company PKC Group Oyj, focusing mainly on the global commervial vehicle industry, acquired the wiring and controls business of the Warsaw-quoted Groclin S.A. Group.

Adaero Precision Components Limited, a specialized manufacturer of high-precision components for the medical, optical, defense, laser and hydraulic industries, was sold to Indutrade, a Swedish industrial group.

Windoware and Smart Home Products, Australia’s largest wholesalers of prepackaged and custom-made window coverings, were sold to a consortium of private investors.

DSG Bagdrop AS, a provider of complete bagdrop solutions, with cloud-based software applications and award-winning hardware products, was sold by the Bertel O. Steen Group to Materna Group, an information and communications firm.

Genelec, a family-owned global business that develops high-quality studio monitors and active speaker systems for professional, home, and AV installation use, sold a minority stake to private investors.

Gas & Diesel Power,  a pioneer in maritime gas engines, was sold to Mitsubishi Turbocharger and Engine Europe B.V., Japan’s largest shipbuilder and machinery manufacturer.

OneExpress Spa, an Italian company specializing in express delivery transport of palletized freight, sold a minority stake to 20 members of its company.

Italian private-equity firm Star Capital and other minority shareholders sold Saet S.p.A. to the US group ParkOhio (NASDAQ:PKOH). Saet is a leader in the design, manufacturing, and testing of induction-heating equipment and heat-treat solutions.

Raccortubi S.p.A, a producer of piping materials used mainly in the oil & gas industry, acquired 100% of the share capital of the Italian company PetrolRaccord.

Raccortubi S.p.A, a producer of piping materials used mainly in the oil & gas industry, sold a minority stake to Synergo, the Italian private equity fund.

Automa S.p.A. sold its injection-stretch blow-molding machine activity to SIPA.

Automa S.p.A. sold its extrusion blow-moulding machine activity to OverEngineering.

Automa S.p.A sold its service division to AMS, a company that supplies technical service and spare parts for automated packaging and blow-molding machines.

Eckelmann Group sold a 100% stake in Cleanpipe Polska, a sanitary services company, to its current management in exchange for cash. Eckelmann Group is a privately-held group of shipping-industry companies based in Hamburg, Germany. Eckelmann Group offers waterside transportation and freightage, mainly on the Upper and Lower Elbe and the German inland waterway network.

Lift & Engineering Services Limited, one of the leading independent lift service providers in the UK, was acquired by ThyssenKrupp.

Star Capital S.p.A, an Italian private equity firm, sold Vetriceramici S.p.A to Ferro Corporation, a leading global supplier of technology-based performance materials.

Nenplas, a leading supplier of extruded and fabricated plastic profiles, acquired Delta Plastic Ltd., a firm specializing in the design and manufacture of thermoplastic extruded products.

Paroc Group Oy AB, a Finnish insulation producer, was sold to CVC Capital Partners Limited, a UK-based private equity firm.

Mediaflex Cliches, active in the flexography industry, sold its activities to Chemence, a specialty chemical company.