Bure Equity, a Swedish investment company, agreed to acquire an 89% stake in Allgon, a company within the area of industrial remote control and develops a wide range of industrial use systems and products, from Verdane Capital Advisors, a private equity firm, for £68m. Bure Equity announces a public cash offer of $1.6 per share to the shareholders of Allgon. “We believe Allgon fits well into Bure’s portfolio as a product-owning quality company with an exciting technology and an established position in the global market. In our view, Bure can, as a new, strong and long-term owner, further develop and accelerate the company’s strategic agenda. The offer provides Allgon’s shareholders with an opportunity to realise value from their investments at a significant premium compared to recently traded prices of the share as well as the previous offer,” Henrik Blomquist, Bure Equity CEO.