Nordstjernan acquires PMC Group – one of the leading Nordic suppliers of hydraulic solutions

• Nordstjernan acquires 100 percent of the shares of PMC Group AB (”PMC”) from a bank consortium led by Nordea Bank AB (publ)
• PMC is one of the leading Nordic suppliers of hydraulics, pneumatics and lubrication solutions to OEM customers and industrial end users

Nordstjernan acquires 100 percent of the shares of PMC from a bank consortium led by Nordea Bank AB (publ). On September 23, 2015, the bank consortium took ownership of PMC from the private equity firm Segulah, which had owned the company since 2005.

PMC is one of the leading Nordic suppliers of hydraulics, pneumatics and lubrication solutions to OEM customers and industrial end users. The company provides a wide range of products such as customized hydraulic solutions and components, hydraulic cylinders and specialty products within selected niches (worm gears, pneumatics and train doors). PMC has approximately 1 000 employees and in 2014 reported sales of approximately SEK 1.8 billion and a normalized operating profit (EBITDA) of SEK 63 million.

”We have followed PMC’s development for a long time. The company has been through tough times over the past few years, but we believe that there is great potential that we can realize. The company has a strong brand with a good position in the market. We now look forward to actively working with the company to improve profitability and create growth. We have a good understanding of the business through Börje Vernet, who was the CEO of the company from 1999 to 2005 and is part of Nordstjernan’s industrial network.”, says Tomas Billing, CEO of Nordstjernan.

“We are very pleased that Nordstjernan has acquired PMC. Nordstjernan is a strong owner that can bring industrial competence and develop the businesses.”, says Mikael Andersson, CEO of PMC.

“The bank consortium has strived to find a long-term industrial owner for the company. We are very pleased that the company now will have an active and financially strong owner who can develop the company both strategically and operationally. We look forward to having a continued close cooperation with both PMC and Nordstjernan.”, says Ulf Westenius, Senior Relationship Manager at Nordea and representative for the bank consortium.

The transaction is subject to approval by the relevant competition authorities, which is expected in the fourth quarter of 2015.

The parties have agreed not to disclose the terms of the transaction.

Tomas Billing
CEO
Nordstjernan AB

Mikael Andersson
CEO
PMC Group AB

Ulf Westenius
Senior Relationship Manager
Nordea Bank AB (publ)

Questions will be answered by:

Tomas Billing, CEO, Nordstjernan AB
Telephone: +46 8 788 50 18
E-mail: tomas.billing@nordstjernan.se

Mikael Andersson, CEO, PMC Group AB
Telephone: +46 42 38 15 50
E-mail: mikael.andersson@pmcgroup.se

Ulf Westenius, Senior Relationship Manager, Nordea Bank AB (publ)
Telephone: +46 70 267 55 27
E-mail: ulf.westenius@nordea.com

Nordstjernan is a family-controlled investment company that creates growth in value through long-term and active ownership of Nordic companies. Investments are made for the long-term. More information about Nordstjernan is available at www.nordstjernan.se

PMC is one of the leading Nordic suppliers of hydraulics, pneumatics and lubrication solutions to OEM customers and industrial end users. More information about PMC Group is available at www.pmcgroup.se

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