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Announced

Completed

Lantmännen-backed Swecon completed the acquisition of Kewab Rental.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Completed

Private

rental company

Friendly

Sweden

Construction Services

Cross Border

Majority

Synopsis

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Lantmännen-backed Swecon, a manufacture and supplier of construction machinery, completed the acquisition of Kewab Rental, a rental company. Financial terms were not disclosed. “Through this acquisition, we execute our strategy to meet customer needs while broadening our offering, investing in the rental market and increasing access to used machines. We already have a well-functioning collaboration between the companies and Kewab Rental has many strong customer relationships that we look forward to strengthen further,” Joakim Arndorw, Swecon CEO.

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