Deal Announcement KL Mechanics Group
Type of deal: Sale of shares
Sector: industrial services, precision mechanics
Object of sale: PwC acted as financial and legal advisor to the owner of KL Mechanics Group in the sale of KL Mechanics Oy and its subsidiary KL Tools Oy to Karnell and KL Mechanics Group operative management.
Karnell acquired 97,7% of shares and operative management of KL Mechanics Group acquired 2,3% of the shares. The Group is a leading precision mechanics service provider providing machining, assembly, plastics injection moulding and mechanical design services for various industries and companies. Group net sales amounted to ca. 12 million euros and EBITDA to ca. 2,3 million euros in 2020. The Group employ ca. 90 professionals. Karnell will be an active and long-term owner for the Group.
Seller: Owner of KL Mechanics Group
Buyer: Karnell and KL Mechanics operative management
Date: Deal announcement 13rd October 2021
PwC’s role: Vendor advised by PwC
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