Central Jutland Machine Manufacturer Sold to Canadian Firm
February 8, 2022
Lynx equity, a Canadian company has acquired the Herning company, Obel-P Automation, which specializes in the production of automation equipment for the wood industry. This is stated by the parties in a press release.
"Obel-P's management team, led by Ivan Madsen, Markus Hofmann, and Michael Bonnichsen will continue to be the cornerstone of the Company and was one of the main reasons why we went ahead with the transaction," commented Ashley Manis, Lynx Equity's Deputy Director for M&A Scandinavia.
"Their in-depth knowledge of the industry and their passion for their work is evident in the innovation solutions that Obel-P delivers to their customers, and we are very excited about a long future with the entire team," she continued.
Obel-P Automation has roots dating back to 1954 and is today a provider of assembly equipment as well as high frequency presses and generators for the production of glulam. The company's equipment reduces the wage-heavy jobs in their customers' production processes.
"We've 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," commented the Company's management team.
"We had an immediate feeling that we fit in well with them, and are very excited about our collaboration," they continued.