Segulah sells Norvatek in SBO

SEB and LK will acquire 100% of the company from Segulah, which has sold its stake alongside joint owners Peab Industri and a number of minority shareholders.

Prior to the sale, Norvatek was a separate subsidiary of S:t Eriks, a cement and concrete products manufacturer jointly owned by the Segulah III-fund and Peab Industri.

The divested company was created through the merger of Kungälvs VA Teknik and ASB i Mariestad, two acquisitions made by S:t Eriks, as well as the parent company's own prefabricated pumps business.

Company
Norvatek was formed in early 2014 through a merger of three S:t Eriks subsidiaries.

Headquartered in the south-western Swedish city of Kungälv, the company manufactures prefabricated turnkey pump stations for the Swedish market, particularly municipal authorities.

People
Lennart Kalén is an industrial partner at Segulah and chairman of the S:t Eriks board. Marcus Planting-Bergloo is a partner at Segulah.

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• Topics
• Nordics
• Buyouts
• Exits
• Industrials
• Sweden
• SEB
• Segulah
• Secondary buyout