Stena and Altor completed the acquisition of a 74% stake in Gunnebo for $193m.

Stena, an investment company, and Altora, a private equity firm focused on leveraged buyout and growth capital investments in Sweden, completed the acquisition of a 74% stake in Gunnebo, a multinational corporation headquartered in Gothenburg, for $193m. “We see great potential in the company, but also recognize that additional financial resources and extensive operational measures will be required to make necessary investments and reposition Gunnebo towards the most attractive product areas. We have extensive experience from working side by side with companies under transformational processes and we look forward to collaborating long-term with Stena Adactum and Gunnebo’s management. We are also encouraged by the support for the offer from the board of directors and major shareholders," Bengt Maunsbach, Altor Partner.