Carnegie financial adviser to Yleiselektroniikka in the acquisition of Machinery Group

Yleiselektroniikka Oyj (“Yleiselektroniikka”) has announced the acquisition of all shares in Machinery Group Oy (“Machinery”) from Yleiselektroniikka’s largest shareholder, Preato Capital AB (“Preato Capital”), and other shareholders of Machinery.

The transaction in brief:

  • The acquisition is estimated to almost double the current net sales of Yleiselektroniikka
  • Machinery’s largest shareholder is Preato Capital which represents 77.4 per cent of the outstanding capital and votes in Yleiselektroniikka
  • Transaction does not have any dilutive effects on the shareholdings in Yleiselektroniikka
  • Yleiselektroniikka’s EPS is expected to increase significantly as a result of the transaction

Yleiselektroniikka is one of Finland’s most significant component and production equipment suppliers for demanding electronics and communications applications. Machinery Group is a Finnish technical trading company that offers products and solutions from the leading principals in the market within industrial engines, generators, construction machines as well as tools and machines.

The transaction was announced on February 3, 2020. The completion of the acquisition is conditional on a resolution of Yleiselektroniikka’s extraordinary general meeting and the closing of the acquisition is expected to occur after the extraordinary general meeting to be held on 2 March 2020

Carnegie acted as sole financial adviser to Yleiselektroniikka Oyj in connection with the transaction.