SWEDEN - Riverside acquires MekoTeknik
The Riverside Company, via Riverside Europe Fund III (REF III), has acquired MekoTeknik, a Swedish precision steel machining company for a total consideration of between EUR 5m and EUR 10m. A mezzanine tranche was provided by Eqvitec Mezzanine to support the deal.
Founded in 1917, MekoTeknik is based in Halmstad and specializes in steel cast components that require high precision and repeatable quality due to product applications in severe environments. The company have machined for Keycast, a Riverside portfolio company for a number of years, and is seen as a strategic add-on to the steel casting company.
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