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  5. Cardo AB Acquires High Speed Tech Oy

M&A Deal Summary

Cardo AB Acquires High Speed Tech Oy

On January 1, 2000, Cardo AB acquired machinery company High Speed Tech Oy from Tesi

Acquisition Highlights
  • This is Cardo AB’s 1st transaction in the Machinery sector.
  • This is Cardo AB’s 1st transaction in Finland.

M&A Deal Summary
Date 2000-01-01
Target High Speed Tech Oy
Sector Machinery
Buyer(s) Cardo AB
Sellers(s) Tesi
Deal Type Add-on Acquisition

Target

High Speed Tech Oy

Lappeenranta, Finland
High Speed Tech Oy is a manufactures a turbo machines and other bearing parts.

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Buyer(S) 1

Buyer

Cardo AB

Malmo, Sweden
Category Company
Founded 1968
Sector Distribution
Employees5,400
DESCRIPTION

Cardo is a supplier of industrial doors and logistics systems, wastewater treatment systems, process equipment for the pulp and paper industry and garage doors.

DEAL STATS #
Overall 1 of 3
Sector: Machinery M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Finland M&A 1 of 2
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-23 Nopon Oy

Helsinki, Finland

Nopon Oy is a manufacturers of products for aeration in connection with biological wastewater treatment.

Buy -

Seller(S) 1

SELLER

Tesi

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.

DEAL STATS #
Overall 1 of 33
Sector: Machinery M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 19
Country: Finland M&A 1 of 30
Year: 2000 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Detection Technology

Espoo, Finland

Detection Technology is an X-ray detector provider for equipment manufacturers in the medical, security, and industrial markets. Detection Technology develops and produces photodiodes, ASICs, electronics, mechanics, and software through its research and development centers and manufacturing facilities located in Finland and China. Detection Technology was founded in 1991 and is headquartered in Espoo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Coronaria

Oulu, Finland

Coronaria is a healthcare and wellbeing services provider. Coronaria was formed in 1988 and is based in Oulu, Finland.

Buy -
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