Valedo has signed an agreement to acquire Perten Instruments Group (”Perten”), a global leading supplier of instruments and systems for analysis and quality control of food, grain, flour and feed. Perten’s incumbent management will continue to run the company and with support from Valedo, in the form of additional resources and competence, implement a strategy for accelerated expansion and product development.
Perten, founded in 1962, develops and markets instruments and ancillary services for advanced analysis and quality control of food, grain, flour and feed. Today, the company has a global leading position in several product segments which is the result from a history of developing innovative products which in a number of cases are now industry standards. Over the last few years, Perten has delivered strong organic growth and today generates annual turnover of around SEK 250 million with sales to more than 100 countries. The company’s head office is located in Stockholm and, apart from in Sweden, Perten is also present through subsidiaries in Australia, China, Germany and the USA. The group has approximately 140 employees.
Alongside Valedo, Perten’s management, new Board of Directors and Jan Perten, former co-owner, will invest as minority owners in the company.
”As a result of new product launches in recent years, Perten has exciting prospects for the future, with attractive opportunities to substantially accelerate our expansion. We are operating in a changing market with continuously increasing requirements for quality control of food and crops, and with the support from Valedo, Perten will be able to actively participate in, and drive, the transformation of the industry.” says Sven Holmlund, Group CEO of Perten
”Despite a turbulent macro economic environment in the last couple of years, Perten has developed very favorably, gained market share and grown substantially. Perten’s focus on product development and increasing sales efforts has been successful and the management team’s implementation of these initiatives has been a great achievement. It is with comfort and with great assurance of a strong future that we now hand over to Valedo as new majority owner who, together with the management team, will drive an agenda with increased emphasis on and resources for growth.” says John Dahlfors, Chairman of Perten
Terms of the agreed transaction, which are subject to certain approvals, are not disclosed.
|For further information about Valedo, please contact Valedo’s media contact:
Hanna Gustafsson, Brunswick Group
+46 8-410 32 186
|For further information about Perten, please contact:
Sven Holmlund, Group CEO, +46 8-505 809 13 +46 70-512-7726
John Dahlfors, Chairman, +46 708-898 577
Valedo is an independent Swedish private equity fund managing SEK 1 billion for investments in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential. For more information,please visit www.valedopartners.com