Altor Fund III ("Altor"), Fort Knox Förvaring AB and
Ålö is a global market leader in top-quality front loaders and associated implements for agricultural tractors, with sales in more than 40 countries. Front loaders and implements are sold under the Quicke brand as well as in cooperation with tractor OEMs. The company has production facilities in
"We are pleased to have found an excellent new home for Ålö" says
"Ålö stands stronger than ever today" says Niklas Åström, CEO of Ålö. "We have during the past years developed and launched breakthrough new products such as the Q-Series premium loader and the Q-Companion digital control system. Together with our leading offer of implements, parts and service this has enabled Ålö to grow with both our OEM partners and in the dealer market".
"We are delighted to bring Ålö into our portfolio of leading industrial brands" says Joachim Dürr, CEO of JOST. "We look forward to work with Ålö's strong management team and to help Ålö continue to grow".
The transaction is conditioned upon merger control approval and is expected to be finalized early 2020. The sellers were advised by Alantra, Swedbank Investment Banking, White & Case and EY.
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About Altor
Since inception, the family of Altor funds has raised some
About Ålö
Ålö is a world leader in Front Loaders for the Agricultural Industry. The products are sold under the Quicke brand. Ålö develops and manufactures about 40,000 loaders every year and has revenue of about
About JOST
JOST is a leading global producer and supplier of safety-critical systems for commercial vehicles. The Company's core brands "JOST", "ROCKINGER", "TRIDEC" and "Edbro" are well-recognized in the industry and highly regarded for their quality and continuous innovation. With its sales and production facilities in 22 countries across five continents, JOST has direct access to all major truck and trailer manufacturers and relevant end customers. JOST currently employs about 2,900 staff worldwide and has been listed on the
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