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42 Hi technology material handling process web

Jorgensen Engineering acquired by XANO

Name: Evli
Price range: $

Acquisition by XANO

November 2016

Sector: Industrial & Business services

Service: M&A

Our role

Exclusive financial adviser to Xano on the acquisition of Jorgensen Engineering

Buyer

XANO AB (publ) develops, acquires and operates niche technology companies that offer manufacturing and development services for industrial products and automation equipment. The business is divided into three business units and the Group is represented in the Nordic countries, Estonia, the Netherlands, Poland, China and the USA. In 2015, the group's sales amounted c. SEK 1 billion and number of employees was 660. XANO is listed on Nasdaq Stockholm

Target

Jorgensen is a leading international automation company that delivers and integrates equipment and complete packaging management systems. The company is located in Odense, Denmark, and has about 110 employees