Alder acquires Scanacon from Verdane.
Scanacon Intressenter AB, a Stockholm, Sweden-based provider of acid management systems used in the production of special metals announced that its major shareholder, Verdane Capital, sold its equity holding to Swedish private equity company Alder.
The transaction was made through Alder II AB, a Nordic investment fund focusing on developing sustainable technology companies, which together with Scanacon's management team, signed an agreement to acquire 100% of the shares from Verdane Capital VII K/S.
The financial details of the transaction remain undisclosed though Verdane received 3x the price it paid for the majority package back in 2012, when the fund took the listed investment company Capilon private.
Scanacon, led by CEO Stig Lundström, delivers proven solutions, such as acid filtration, acid-metal separation and acid analysis equipment, for the optimisation of the acid finishing process in the production of e.g. stainless steel, special metals, and aerospace components and medical protheses from titanium. The company supplies the global market from its offices in Sweden, USA and China.
Scanacon has an annual turnover of approximately SEK 150M ($17M) and employs 40 people.