Marine Propulsion · Mergers & Acquisitions
Sweden-based international compamy, PartnerTech, acquires Aerodyn AB, a manufacturer of heavy components of propellore systems and waterjets propulsion systems
PartnerTech has acquired Aerodyn AB, a company focused on contract manufacturing of heavy components for ship propulsion with propeller systems or water jets.
The company’s estimated yearly turnover is approximately 40 MSEK and it will be consolidated into the operating Machining segment from the second quarter 2012.
Aerodyn employs some 20 people and is based in Karlskoga, Sweden.
”The aim of the transaction is to broaden PartnerTech's customer base within Machining as well as develop our offering within the Defense and maritime market area. Aerodyn’s deep expertise in advanced machining of large components is an excellent complement to our existing offer. The acquisition of Aerodyn means that PartnerTech can offer component weights from a few grams to several tonnes manufactured in accordance with high customer requirements in our units in Sweden and Poland ,” says Leif Thorwaldsson, President and CEO of PartneTech.
PartnerTech develops and manufactures products under contract for leading companies, primarily in Information Technology, Industry, CleanTech, MedTech and Instrumentation, Defense and Maritime and Point of Sale Applications. With almost 1,300 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2,3 billion.
