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  5. Karnell Acquires Drivex

M&A Deal Summary

Karnell Acquires Drivex

On March 31, 2022, private equity firm Karnell acquired manufacturer Drivex

Acquisition Highlights
  • This is Karnell’s 4th transaction in the Manufacturing sector.
  • This is Karnell’s 8th transaction in Sweden.

M&A Deal Summary
Date 2022-03-31
Target Drivex
Sector Manufacturing
Buyer(s) Karnell
Deal Type Buyout (LBO, MBO, MBI)

Target

Drivex

Edsbyn, Sweden
Drivex is a manufacturer of attachments for snow removal and road maintenance and attachments for material handling and construction work. The company’s products are sold under their own brand and include snowplows, pallet forks, sweepers, buckets, sand spreader buckets, material handling arms, and ice blades. The attachments are primarily used on wheel loaders and tractors with end customers active in snow removal and road maintenance as well as in construction work. Drivex is based in Edsbyn, Sweden.

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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 13 of 22
Sector: Manufacturing M&A 4 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 19
Country: Sweden M&A 8 of 11
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Rotomon

Kangasniemi, Finland

Rotomon is a manufacturer of rainwater-, culvert-, drainage- and cable protection pipes and wastewater treatment systems with their own products and brand. Customers range from national and regional hardware chain stores in Finland to direct sales to construction and excavation companies. Rotomon is based in Kangasniemi, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Timeka

Mynämäki, Finland

Timeka is a niche manufacturing company that is specialized in small-lot production. Timeka's main manufacturing processes include laser cutting, welding, bending, machining, surface treatment, and assembly. Timeka is based in Mynämäki, Finland.

Buy -
Mergr

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