PMC Hydraulics A/S has sold its Danish service activities to AVN Gruppen A/S
PMC Hydraulics A/S has sold certain service related assets to AVN Gruppen A/S. Financial details have not been disclosed.
PMC Hydraulics is a global expert offering customers specialized hydraulic and lubrication solutions such as development, design and production of customized hydraulic systems, manifold solutions, mobile hydraulic transmissions and components within the energy, industry, mobile and marine segments. The service assets include a broad palette of hydraulic services to several segments within the agriculture, rescue, marine and offshore industries. The services include: service and repair, preventive maintenance, onsite service, and oil conditioning and monitoring.
AVN Gruppen is an industrial business partner for the Danish and North European industry. The group delivers technical solutions and products of high quality within the field of tools, sheet processing machinery, automation and hydraulics. AVN Gruppen is divided into four different subsidiaries, each one covering a business area: hydraulics, hydraulic services, technical division and sheet processing.
PMC Hydraulics has sold its service activities and related assets as part of its corporate strategy to focus on customized hydraulic solutions and distribution of hydraulic components. With this acquisition, AVN Gruppen strengthens its position in the Danish hydraulic service market with improved geographic coverage, additional qualified and experienced employees and access to new market segments. With the new owner, PMC service employees will now be part of a group with a dedicated strategic focus on developing an even stronger service business.
Oaklins' team in Denmark advised the owners of PMC Hydraulics in connection with the divestiture of its Danish service activities to AVN Gruppen. The team in Sweden, through its close relationship with the executive management in PMC Hydraulics, leveraged the strong Oaklins' track record to source the deal with the Danish team, who executed the transaction from identifying potential buyers to final negotiations.
Prata med transaktionsteamet
Relaterade transaktioner
Varsteel, Ltd. has acquired Pacific Steel, Inc.
Pacific Steel, Inc. has been acquired by Varsteel, Ltd.
Lär dig merSibelco has received strategic advisory related to the exit of a minority shareholder
SCR Sibelco has received strategic advisory related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buyback program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue with its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.
Lär dig merArbo Windows becomes the leading wooden windows producer in the Baltics by acquiring Arlanga Wood
Arbo Windows, a leading Latvian producer of wooden windows and doors, has acquired Arlanga Wood, a leading Lithuanian producer of wooden windows and doors, creating the largest wooden windows producer in the Baltic states. The combined group has over 200 employees and generates over US$20 million of annual revenues.
Lär dig mer