M&A Deal Summary

Karnell Acquires NE Engineering

On July 12, 2024, private equity firm Karnell acquired engineering company NE Engineering

Acquisition Highlights
  • This is Karnell’s 1st transaction in the Engineering sector.
  • This is Karnell’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2024-07-12
Target NE Engineering
Sector Engineering
Buyer(s) Karnell
Deal Type Buyout (LBO, MBO, MBI)

Target

NE Engineering

Rackheath, United Kingdom
NE Engineering is a precision engineering company specializing in CNC milling and turning of small and complex components for demanding environments. NE Engineering was founded in 2009 and is based in Rackheath, United Kingdom.

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Buyer(S) 1

Buyer

Karnell

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Karnell is a private equity group focused on acquiring majority positions in Nordic based industrial and technology companies. The Firm is an active owner and prefers businesses with their own manufacturing, development and sales capabilities. Karnell was formed in 2008 and has offices in Stockholm and Helsinki.

DEAL STATS #
Overall 19 of 20
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 16 of 17
Country (United Kingdom) 2 of 2
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 Ojop

Eskilstuna, Sweden

Ojop produces toggle latches, trailer latches, and battery connectors. The company offers around 300 different eccentric locks under four brand names, serving OEMs and end-users in Sweden and internationally. Ojop was formed in 1922 and is based in Eskilstuna, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 Haco

Åkersberga, Sweden

Haco is a niche supplier specializing in industrial wheels and wheels and spare parts for wheelchairs and rollators with associated reconditioning services. The company offers customer-specific conveyor systems and a range of moving products. Haco is based in Åkersberga, Sweden.

Buy -
Mergr

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