Canadians on machine acquisition in Herning
February 11, 2022
The Herning-based machine manufacturer Obel-P Automation has come into new hands. On February 1, the Company, which specializes in automation equipment for the wood industry, was taken over by the Canadian capital fund Lynx Equity, and according to the new owner, it was not least the Herning team that made the deal interesting.
"Obel-P's management team, led by Ivan Madsen, Markus Hofmann and Michael Bonnichsen will continue to be the Company's cornerstone and one of the main reasons why we went ahead with the transaction," says Ashley Manis, Lynx Equity's Deputy Director for M&A Scandinavia.
Also on the seller's side, the personal match is highlighted as crucial to the deal.
"We have had meetings with other potential buyers, but it was only when we met the team from Lynx that we began to feel comfortable selling Obel-P," says the Company's management team with Ivan Madsen, Markus Hofman and Michael Bonnichsen in front.
"We had an immediate feeling that we fit in well with them, and are very excited about our collaboration," said the three-leaf clover.
Obel-P Automation was founded in 1954 and today has 30 employees. The Company came out of the financial year 2020 with a gross profit of DKK 17 million. and a profit of DKK 3 million. DKK before tax.