23.4.2024
Translink Corporate Finance acted as advisor to Korona Invest and other shareholders of Enmac on its acquisition by Prevas AB (publ.).
Prevas has signed an agreement to acquire approximately 92 percent of the shares in the Finnish company NMAC Group Oy, the parent company of Enmac Oy. Enmac has a strong position in the Finnish market within growth areas such as energy, industrial automation, and process industry, with approximately 200 employees. Through the acquisition, which is Prevas’ first in Finland, a Nordic group is established, with operations across Sweden, Norway, Denmark, and Finland. The acquisition will enable future market synergies and is in line with Prevas’ growth strategy.
Enmac’s turnover amounted to EUR 23 million in 2023 with an EBITDA margin of 14 percent. Enmac has extensive experience of identifying and executing on successful acquisitions, and Prevas’ ambition is that the new Finnish platform will continue to drive both organic as well as acquired growth in the Finnish market.
Enmac was founded in 1983 and operates across 8 locations in Finland. The company offers advanced services in production process development and has an especially strong capability in managing turnkey solutions for leading industrial companies. Enmac will contribute with cutting-edge expertise in several areas such as advanced technical calculations, industrial automation, product development, as well as process and piping design. Enmac’s largest customers include Valmet, Andritz, Kemira, Metsä Group and Fortum.
”Finland and Sweden have strong standings within industry and technology,” says Magnus Welén, CEO of Prevas. “Enmac is an excellent complement to Prevas’ operations, and we see significant mutual market synergies in jointly offering premium services throughout the Nordic region. We look forward to welcoming both the company and all its employees into the Prevas family.”
”The combination with Prevas is perfect for Enmac and opens up for accelerated growth as well as a broader Nordic presence,” says Juha Ritala, CEO of Enmac. “Prevas will strengthen Enmac’s offering in areas such as industrial IT, embedded systems, and Internet of Things. It will also provide exciting new development opportunities for our employees.”
Translink had an integral role in facilitating the transaction.
Juho Mäkiaho, Chairman of Enmac and partner at Korona Invest comments on the process:
”The collaboration with Translink was smooth, and the team’s flexibility, steadfast
commitment, and rigorous process left a favorable impression. Partnering with Translink
resulted in an exceptional outcome, while also saving time and effort for the primary
shareholders and the management team.”
Jari Lauriala, CEO of Translink Corporate Finance Finland:
”This transaction is part of a longer continuum of Translink assignments in the industrial
engineering sector, where we have special international experience. Translink’s long-term objective is to serve similar business services companies whose strategies focus on digitization, zero emission energy, automation
and IoT.”
ABOUT TRANSLINK CORPORATE FINANCE IN FINLAND
Translink Corporate Finance Finland, based in Helsinki, is one of the leading boutique investment banks in Finland. Since its foundation more than 15 years ago, its partners have completed more than 100 successful M&A transactions in different industries working closely together with business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.
ABOUT TRANSLINK CORPORATE FINANCE
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
For further information, please contact
Jari Lauriala, +358 40 091 8855
Ruben Moring, +358 50 436 1470