Dellner Invest AB has signed an agreement to divest Dellner Couplers AB (“Dellner Couplers” or the “Company”) to funds managed by EQT.
Founded 1941 in Sweden, Dellner has grown from being a small couplers producer to a global niche market leader in safety-critical components for passenger rail rolling stock. Today, Dellner offers full train connection systems including couplers, gangways, hatches, dampers, and crash management systems, complemented by after-sales services and support. The Company is headquartered in Vika (Falun), Sweden, employs approximately 950 people globally, and generated sales of approximately SEK 1.9 billion in 2018.
The transaction is expected to be completed during the second quarter of 2019. The parties have agreed not to disclose the terms of the transaction.
Carnegie is acting as sole financial adviser to the main owners in connection with the transaction.