Sisu Partners has provided a Fairness Opinion of the terms of the transaction to Yleiselektroniikka Oyj as the company has signed an agreement to acquire all shares in Machinery Group Oy from Preato Capital AB to create a leading Finnish technical trading group. The cash consideration of the transaction is EUR 18.750 million and the completion of the acquisition is conditional on a resolution of Yleiselektroniikka’s extraordinary general meeting.
The combination of Yleiselektroniikka and Machinery is an important step in creating a stronger trading group of quality industrial products, solutions and services. The combination strengthens the Group’s position especially in Finland. In addition, the company operates in Russia and the Baltic countries. The combined company has more than 300 employees in five countries. The new Group is expected to benefit from larger size, broader offering and sharing best practices. As a result of this acquisition, the new Group is expected to have wider resources to enhance its offering and add value for its customers and principals and be better positioned to invest in future growth.