Accent Equity Partners AB acquires Nordic Traction AB from Segulah Advisor AB

Accent Equity Partners AB, a Sweden-based private equity firm, has acquired a majority stake in Nordic Traction AB, a Finland-based company that manufactures traction chains and tracks for forestry and agricultural machinery, from Gunnebo Industrier AB, a Sweden-based company which develops, manufactures and markets chain and lifting components, fastening systems, for an undisclosed consideration.

Nordic Traction reported revenues of SEK 200m (EUR 21.26m) in 2014. Accent Equity has carried the acquisition through its fund Accent Equity 2012 L.P. The transaction will allow Accent Equity Partners to take advantage of Nordic’s position in market and the positive trends in forest industry. It will increase Nordic's presence outside of the Northern European Market. Accent. Accent Equity will continue to grow and develop Nordic Traction's business.

Post transaction, Nordic Traction will become an independent entity in the Accent Equity Portfolio. Gunnebo Industries, owned jointly by Segulah III L.P. and Segulah IV L.P, funds of Segulah Advisor AB, a Sweden-based private equity firm. Nordic Traction was an independent part of Gunnebo Industries since the strategic restructuring in 2013.

Aventum advice Nordic Traction Group and Segulah.