IK mulling sale of Axtone

IK Investment Partners acquired Axtone from Advent International in October 2008. The deal was IK's first direct investment in Central Europe.

Axtone's enterprise value is estimated to sit in the €100-150m range, according to reports. Société Générale is rumoured to be advising IK on the transaction.

Kanczuga-headquartered Axtone is a manufacturer of buffers, draw-gear devices and other components for rail and metro vehicles and for rail infrastructure. According to IK's website, the company has annual sales of €71m.

IK was not available for comment.

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