M&A Deal Summary

NOD Acquires Kasthall

On September 13, 2023, NOD acquired consumer products company Kasthall from Karnell

Acquisition Highlights
  • This is NOD’s 1st transaction in the Consumer Products sector.
  • This is NOD’s 2nd transaction in Sweden.

M&A Deal Summary

Date 2023-09-13
Target Kasthall
Sector Consumer Products
Buyer(s) NOD
Sellers(s) Karnell
Deal Type Add-on Acquisition

Target

Kasthall

Kinna, Sweden
Kasthall is a designer and manufacturer of contemporary high end carpets and rugs. Kasthall is based in Kinna, Sweden.

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Buyer(S) 1

Buyer

NOD

Stockholm, Sweden

Category Company
Founded 2020
Sector Furniture
Employees75
Revenue 51M EUR (2020)
DESCRIPTION

NOD is a network of design companies with strong brands. NOD will gather companies well positioned for the ongoing shift to online sales in the consumer industry. The company will help the brands take the next step in their international growth journey. NOD was founded in 2020 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Sweden M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Cooee Design

Lagan, Sweden

Cooee Design offers home accessories with high design value both through retail partners and direct to consumer. Since its launch, Cooee has expanded internationally and become known for timeless high-quality Scandinavian design at affordable prices.

Buy -

Seller(S) 1

SELLER
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 5 of 5
Sector: Consumer Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Sweden M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 K-Vagnen

Karlshamn, Sweden

K-Vagnen is a manufacturer of trailers and equipment for landscaping. The company's products are sold under its own brand and include, among other things, leaf suction trailers, irrigation trailers, weed control equipment with hot water, dump trailers and other trailers. The company's end customers are mainly in the landscaping sector, both service companies but also municipalities, cemeteries, golf courses, real estate companies and others, which have their own service organization. K-Vagnen is based in Karlshamn, Sweden.

Buy -