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Altor to sell agricultural front loader company Alo Holding

Altor Equity Partners AB, through Altor Fund III GP Ltd., along with Fort Knox Forvaring AB and management investors, are selling Alo Holding AB.

The buyer is German truck and trailer systems supplier JOST Werke AG.

Alo provides front loaders under the Quicke brand and other material handling solutions to the agricultural sector. The deal, subject to merger control approval, is expected to be finalized early in 2020.

Alantra, Swedbank Investment Banking, White & Case and EY advised the sellers.