Accent carves out Nordic Traction

The deal sees Nordic Traction become a stand-alone entity after the acquisition by the GP's Accent Equity 2012 fund, a SEK 3.8bn vehicle.

Accent managing partner Niklas Sloutski said the buyout has potential for both organic and acquisitive growth, looking at opportunities to build the company's presence outside its current northern European main markets.

For Segulah, the carve-out represents a partial exit for its Segulah III and IV vehicles, which jointly acquired Gunnebo Industrier in a 2008 take-private valued at SEK 1.62bn.

Company
Nordic Traction is a maker of traction chains and tracks based in Gunnebo in south-east Sweden. It was founded in 1886 and has manufacturing facilities in Finland and Scotland.

The company's products are mainly aimed at forestry and construction machines, tractors and transport vehicles. Nordic Traction's net sales are around SEK 200m, according to the GPs.

People
Niklas Sloutsky is the managing partner of Accent. Segulah partner Marcus Jansson worked on the divestment for the GP. Tero Järvinen is the CEO of Nordic Traction.

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• Topics
• Nordics
• Buyouts
• Exits
• Industrials
• Sweden
• Partial sale
• Segulah
• Accent Equity Partners