Industrifonden and SEB sell Cobolt to Hübner Group

Hübner, a systems supplier to the transportation industry, will acquire Industrifonden's entire 39% stake in the deal, as well as SEB's.

The exit concludes a 14-year investment for Industrifonden and SEB, which first invested in the company in 2001, alongside now-defunct venture fund CR&T Ventures.

Cobolt will retain its Swedish operations following the transaction.

Previous funding
In March 2001, Industrifonden, SEB and CR&F participated in a SEK 12m early-stage investment round in Cobalt.

Company
Headquartered in Solna near Stockholm, Cobolt is a maker of high-performance lasers for use in biomedical research, metrology and material science, among other applications.

People
Thomas Carlström is an investment manager at Industrifonden.

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