Add-on Acquisition • Machinery

Alimak Group Acquires Tractel

On August 2, 2022, Alimak Group acquired machinery company Tractel from Cinven for 500M EUR

Acquisition Context
  • This is Alimak Group’s 2nd transaction in the Machinery sector.
  • This is Alimak Group’s 0th largest (disclosed) transaction.
  • This is Alimak Group’s 1st transaction in Luxembourg.

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M&A Deal Summary

Date August 2, 2022
Target Tractel
Sector Machinery
Buyer(s) Alimak Group
Sellers(s) Cinven
Deal Type Add-on Acquisition
Deal Value 500M EUR

Target Company

Tractel

Foetz, Luxembourg
Tractel provides lifting and access-related products. This includes lifting, material handling, measurement of tension and loads, suspended working platforms, building maintenance installations and fall arrest safety equipment. Tractel was founded in 1941 and is based in Foetz, Luxembourg.
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Buyer Overview 1

Buyer

Alimak Group

Stockholm, Sweden

Category Company
Founded 1948
Sector Machinery
Employees2,928
Revenue 7.1B SEK (2024)
DESCRIPTION

Alimak Group is a manufacturer and supplier of elevators, platforms, and after-market service for the industrial and construction sectors. Alimak Group was founded in 1948 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 6 of 7
Sector: Machinery 2 of 2
Type: Add-on Acquisition 6 of 7
Country: Luxembourg 1 of 1
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 Tall Crane Equipment

Langley, British Columbia, Canada

Tall Crane Equipment is a licensed elevator contractor, providing hoist and crane rentals, qualified licensed personnel, and repairs and maintenance on site and off-site. Tall Crane Equipment was founded in 1980 and is based in Langley, British Columbia.

Buy kr215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Secret Cinema

Wilmslow, United Kingdom

Secret Cinema is an entertainment company that specializes in immersive film and television events. From grassroots film screenings in abandoned London buildings, to outdoor festivals and large-scale productions in vacant and abandoned spaces, the company has regenerated entire areas it has staged its productions in. Secret Cinema is based in Wilmslow, United Kingdom.

Buy -

Seller Profile 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


Deal Context for Seller #
Overall 123 of 130
Sector: Machinery 2 of 2
Type: Add-on Acquisition 29 of 33
Country: Luxembourg 1 of 1
Year: 2022 3 of 4
Size (of disclosed) 16 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Envirotainer

Sollentuna, Sweden

Envirotainer is a provider of temperature-controlled air cargo containers. Envirotainer designs, manufactures, and leases active temperature-controlled containers used primarily for air freighting biopharma products, transporting up to two million doses of medicine per day. Envirotainer serves around 600 pharmaceutical companies worldwide, including many of the blue-chip global biopharma companies and operates from regional centres in Stockholm, Frankfurt, Dallas and Singapore, with a portfolio of around 5,800 leased containers globally. Envirotainer was founded in 1996 and is based in Sollentuna, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Sakra

Stockholm, Sweden

Sakra is an insurance broker providing life and non-life insurance products, as well as pension and wealth management services, to more than 35,000 SME clients and more than 115,000 individual customers. Sakra was formed in 1990 and is based in Stockholm, Sweden.

Buy -