trending Market Intelligence /marketintelligence/en/news-insights/trending/nnwtfPS0ShoMv7XC0UWyUw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Componenta to acquire Finland's Komas from CapMan

Blog

Tech in Banking: An Age of Digital Disruption

Blog

Standar Baru Penilaian Pembiayaan Proyek oleh Bank

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9


Componenta to acquire Finland's Komas from CapMan

International technology company Componenta Corp. agreed to buy the shares and capital loans of Finnish machining operation company Komas Oy from funds managed by Helsinki-headquartered private equity firm CapMan Oyj.

Komas, which makes machined components, forged blanks, hydraulic pipes and plate cuttings, is majority-owned by the CapMan funds and CapMan's portfolio company Fortaco Group Oy. The company was established in 2012 in conjunction with the formation of Fortaco.

Nasdaq Helsinki-listed Componenta supplies cast and machined components to global manufacturers of vehicles, machines and equipment. The company will pay for the purchase price by issuing its shares to the sellers. The company will hold an extraordinary shareholder meeting in order to authorize its board to decide on the share issue.

The parties expect to close the deal July 1, pending approvals from authorities. The transaction would widen Componenta's footprint in the Finnish market, Componenta CEO Harri Suutari said.

The CapMan Buyout funds focus on middle-market investments in the Nordic region.