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  5. Solix Group Acquires MAAG Gear

M&A Deal Summary

Solix Group Acquires MAAG Gear

On January 22, 2024, private equity firm Solix Group acquired machinery company MAAG Gear from FLSmidth & Co. A/S

Acquisition Highlights
  • This is Solix Group’s 5th transaction in the Machinery sector.
  • This is Solix Group’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2024-01-22
Target MAAG Gear
Sector Machinery
Buyer(s) Solix Group
Sellers(s) FLSmidth & Co. A/S
Deal Type Divestiture

Target

MAAG Gear

Winterthur, Switzerland
MAAG Gear is a supplier of gear units, drive systems, and components to cement and minerals industries. MAAG Gear was founded in 1913 and is based in Winterthur, Switzerland.

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Buyer(S) 1

Buyer

Solix Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Solix Group AB is an investment firm focused on opportunities in Denmark and Sweden. Solix looks for companies generating sales greater than SEK 500 million. Solix Group is based in Malmo, Sweden.

DEAL STATS #
Overall 10 of 11
Sector: Machinery M&A 5 of 6
Type: Divestiture M&A Deals 3 of 4
Country: Switzerland M&A 1 of 1
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Cembrit

Aalborg, Denmark

Cembrit engages in manufacturing and distribution of fibre-cement products. Cembrit was founded in 1927 and is based in Aalborg, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 Agramkow

Sonderborg, Denmark

Agramkow is a provider of sustainable solutions for manufacturers within refrigeration, air conditioning and heat pumps. With experience that spans over four decades, Agramkow has paved the way to data-driven production, resulting in continuous quality and productivity improvements and better-informed decision-making for appliance manufacturers. Agramkow was founded in 1977 and is based in Sonderborg, Denmark.

Buy -

Seller(S) 1

SELLER

FLSmidth & Co. A/S

Copenhagen, Denmark
Category Company
Founded 1882
Sector Machinery
DESCRIPTION

FLSmidth & Co. A/S is a supplier of equipment and services to the global cement and minerals industries. FLSmidth supplies everything from single machinery to complete cement plants and minerals processing facilities including services before, during and after the construction.

DEAL STATS #
Overall 13 of 14
Sector: Machinery M&A 5 of 5
Type: Divestiture M&A Deals 11 of 12
Country: Switzerland M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 AFT

Copenhagen, Denmark

AFT is a filter media division serve customers' baghouse filtration needs in industries such as cement, lime, power utilities, energy from waste, co-generation, mining, AFT was founded in 1999 and is based in Copenhagen, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-20 FLSmidth Cement

Copenhagen, Denmark

FLSmidth Cement is a technology and service supplier with a passion to help our customers produce cement efficiently. FLSmidth Cement is based in Copenhagen, Denmark.

Sell €75M
Mergr

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