Nygren Nordén Advisory was advisor to the owners of Sura Magnets on the sale to Investment AB Spiltan.
Investment AB Spiltan has acquired 45% of the shares in Sura Magnets, which is a leading supplier of permanent magnets based in Söderköping. The company has a turnover of approximately SEK 80 million and has supplied magnets to, among other things, the automotive and medical technology industries for over 60 years.
– I had intended to sell the entire company, but when Spiltan offered me the opportunity to keep a large share in the company, I thought it was more attractive. Through Spiltan, we also get a long-term owner who buys to keep and has financial muscle, says Bertil Torgilsman, former principal owner of Sura Magnets.
– We see great growth potential in Sura Magnets as vehicles increasingly contain magnets to make them more functional. The company also specializes in plastic-bonded precision magnets and has unique competence and know-how in terms of both personnel and management, says Per H. Börjesson, CEO of Spiltan.
The private investor Thomas Wernhoff also takes an ownership stake in Sura Magnets and becomes chairman of the board of the company.
– With the new owners, we can now expand the business and maybe even create more jobs in Söderköping, says CEO Tommy Andersson, who has also previously been a partner in the company.
Investment AB Spiltan is an investment company with a total capital of approximately SEK 1,000 million which is primarily invested in profitable unlisted companies run by talented entrepreneurs. Through long-term planning, personal commitment and entrepreneurship, Spiltan creates the conditions for stable development and good returns. Spiltan has approximately 2,000 shareholders and the share is traded on the Alternative stock market with a net asset value of approximately SEK 7.5 billion.
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About Nygren Norden Advisory
Nygren Nordén Advisory is an M&A advisor with a focus on long-term value creation in company mergers, spin-offs, company acquisitions and changes of ownership of companies. We drive and lead the transaction from start to finish and work according to a structured process in an efficient manner. Nygren Nordén Advisory has very good contact networks in Sweden and internationally.
How does it go when you sell your company? It is a process that consists of several steps and you need to be well prepared to achieve the highest possible results. The reasons why you want to sell your business are different for everyone, regardless of what your reason is, we make sure the process goes smoothly.
In order to achieve high results, the vast majority choose to hire a business advisor to get help with planning and implementation. We operate and lead the transaction from the beginning to the end and work according to a structured process in an efficient manner. With us as advisors for business sales, you will be properly prepared for the sale and have security from start to finish.