9.3.2020

Shareholders of Machinery Group – Sale of All Shares in Machinery Group

We advised Yleiselektroniikka Oyj’s largest shareholder, Preato Capital AB, and other shareholders of Machinery Group Oy in the sale of the entire share capital of Machinery Group to Yleiselektroniikka Oyj for a cash consideration of EUR 18.75 million. The sale and purchase agreement was signed on 3 February 2020, and Yleiselektroniikka’s extraordinary general meeting approved the acquisition on 2 March 2020. The acquisition is estimated to nearly double Yleiselektroniikka’s net sales.

Machinery Group Oy, founded in 1911, is a Finnish technical wholesale company. Machinery Group employs approximately 90 people and had an unaudited net sales of over EUR 52 million in 2019.

Yleiselektroniikka Oyj is one of Finland’s most significant component and production equipment suppliers. Established in 1969, the company is Northern Europe’s oldest independent component distributor. Yleiselektroniikka has operations in five countries and its shares are listed on Nasdaq Helsinki Oy.

Preato Capital AB is a privately owned investment company that invests in small and medium-sized established and profitable companies in the Nordic region.