Delphi advisor in Momentum Group’s acquisition of Askalon

Delphi has assisted Momentum Group in connection with an initial acquisition of 93.7 per cent of the shares in Askalon AB from the founders, the Warnqvist family. Momentum Group will acquire the remaining 6.3 per cent of the shares in Askalon AB in 2025. Askalon has a leading position in advanced valve solutions, primarily for the power, refinery and process industries in Sweden, Finland, Denmark och Iceland.

Momentum Group operates, develops and acquires successful companies in the Nordic region and is one of the Nordic region’s leading suppliers of industrial components, industrial services and other related services in the industrial sector. Momentum Group generates revenue of approximately SEK 1.8 billion and has approximately 500 employees. Momentum Group’s B-share is listed on Nasdaq Stockholm.

Delphi’s team consisted of Mats Dahlberg, Glenn Nyström, Fredrik Nykvist, Ida Nordmark, Josefin Nohrborg and Petri Dahlström.