CapMan Growth Exits RealMachinery Oy
CapMan Growth Fund has agreed to sell their holdings in RealMachinery Oy to Wihuri Oy. The transaction is the fifth exit of CapMan Growth Fund, which was established in 2017.
RealMachinery is a nationwide full-service machinery company, which imports, sells and rents out earthmoving machinery. In addition to this, the company’s operations include sales of used machinery, servicing and repairs, leasing, and sales of spare parts, giving them a strong value chain.
After the acquisition, Wihuri Oy will own RealMachinery Oy and its subsidiaries operating in Finland. The acquisition does not include RealMachinery Oy’s companies operating abroad.
“During CapMan’s ownership period the company has grown into a full-service machinery company, and we believe Wihuri offers strong premises for the company’s continued development and growth”, says Antti Kummu, partner at CapMan Growth.
The new entity will offer Wihuri’s customers more diverse earthmoving solutions directly from one and the same supplier. The transaction will create an excellent foundation for the growth of Wihuri Oy Technical Trade.
“Strategically the acquisition is a natural move for Wihuri Technical Trade and an expansion into heavy earthmoving equipment. As a result of the transaction, we will acquire an extensive and high-quality addition to our range of solutions. In recent years, Wihuri has been single-mindedly expanding into new customer segments. We are seeking strong growth, both now and in the future”, says Risto Aarnio-Wihuri, CEO of Wihuri Group.
“The acquisition will strengthen the position of Wihuri Oy Technical Trade in the market. Through the acquisition, we will receive an excellent addition to our range, well managed customer relations and of course a very competent organisation. This is a great opportunity for us,” continues Jonne Honkanen, Vice President and General Manager of Wihuri Oy Technical Trade.
“The acquisition will give us significantly broader shoulders to serve our current and new customers nationwide, both in machinery trade and maintenance and repair services. Wihuri Oy has many decades of experience in the earthmoving sector, and the company is renowned for serving its customers flexibly, quickly and with quality. Wihuri Oy is a leading company in the technical trade sector in Finland, so the prospects for a shared future are very positive. With the acquisition, we believe that Wihuri Oy’s expertise and support will enable RealMachinery’s growth story to continue for several decades,” says Matti Salminen, CEO of RealMachinery Oy.
After the acquisition, the operations of RealMachinery will continue normally as part of Wihuri Group. The arrangement will not affect the company’s present customer relationships or partnerships. The transaction is subject to the approval of the competing authorities.
For further information, please contact:
Antti Kummu, partner, CapMan Growth, antti.kummu[a]capman.com, puh +358 50 432 4486
CapMan Growth is a leading Finnish growth investor that makes significant minority investments in growth stage companies with ambitious growth and expansion goals. CapMan Growth is a part of CapMan, a leading Nordic private asset expert with an active approach to value-creation in its portfolio companies and assets, with assets under management of close to €4 billion. CapMan has a broad presence in the unlisted market through our local and specialised teams. The investment strategies cover Private Equity, Real Estate and Infra. CapMan also has a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.
Technical Trade is part of the diversified international group Wihuri, which has strong Finnish roots. Wihuri Group consists of four business areas: packaging, daily goods wholesale, technical trade and aviation. Wihuri Group’s 2020 net sales amounted to €1.8 billion, and it employs approximately 5,200 specialists in 30 countries.
In Finland, Wihuri Oy Technical Trade represents the following brands amongst others: Wille, John Deere, Bobcat, Linde, Mazak, Eberspächer and Metabo. The technical Trade business area has its own nationwide service network to support its products. Wihuri Oy Technical Trade is the market leader in Finland in environmental management machines and service solutions for their maintenance and servicing.
Established in 2010, RealMachinery Oy is a nationwide full-service machinery company, which sells, rents out, services, and equips earthmoving machinery for all purposes. In addition to RealMachinery, the machinery group includes Dae-Tek Oy, which has more than 25 years of experience in machinery sales and imports, RealLift Oy, which specialises in the sale of hoists and cranes, and RealParts Oy, which focuses on the sale of accessories. In 2020, RealMachinery Group recorded net sales of €75 million and employed about 100 people.