Lindab International AB (publ) (OM:LIAB) entered into an agreement to acquire Vicon from Tim Walsh and Matt Walsh on January 2, 2024. The acquisition is financed through own funds. Mike Fischer will remain as Chief Operating Officer, Kevin Baydar will remain as Vice President of Sales and management of Vicon will remain with the company and continue to develop the business.

Vicon consists of four legal entities Vicon Machinery, LLC, Plasma Automation, Inc, Walsh Atkinson Company, Inc and Central States Machinery, LLC. As of January 2, 2024, Vicon reported a revenue of approximately SEK260 million for the year ended December 31, 2023. Transaction is expected to close in Q1, 2024.

Protegrity Advisors, Llc acted as a financial advisor to Vicon. Mannheimer Swartling Advokatbyrå Aktiebolag acted as legal advisor to Lindab International AB (publ) (OM:LIAB).