Seafire acquires Åkerstedts Verkstads for $3.8M.

Sweden Exit 02 January 2019
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Åkerstedts Verkstads, a Kvänum, Sweden-based manufacturer of fans, announced that it was acquired by Swedish private equity company Seafire.

The purchase price amounts to SEK 34.3M ($3.8M) and an earn-out of SEK 8M in the years 2019-2021. The acquisition includes a property booked at SEK 7.1 million.

Åkerstedts Verkstads, led by CEO Markus Åkerstedt, is a leading company in industrial fans which had sales of SEK 30.3M with an EBITDA of SEK 7.8 million during the period December 1, 2017 and November 30, 2018.