PowerAir

Acquirer: Teqnion

PowerAir, a leading supplier of premium air compressors in Northern Ireland, has been acquired by Teqnion, a Swedish industrial group. Summary of transaction details: Value: Not disclosed Sector: Industrial Goods & Services Advisor: KBS Corporate Key Entities: PowerAir, Teqnion Location: Northern Ireland, Sweden Note: The acquisition represents a strategic move for Teqnion to expand its compressed air segment, with plans to leverage economies of scale and group-wide synergies.

Acquirer: Teqnion

KBS Corporate has advised on the sale of PowerAir, Northern Ireland’s premier supplier of air compressors, to Teqnion, a Swedish industrial group. This acquisition marks PowerAir's integration into Teqnion's growing portfolio, specifically bolstering its compressed air segment.Summary of transaction details:Value: Not DisclosedSector: Industrials & EnergyAdvisor: KBS CorporateKey Entities: PowerAir (Target), Teqnion (Acquirer), KBS Corporate (Advisor)Location: Lisburn, Northern Ireland (Target)Note: This transaction represents a strategic bolt-on acquisition for Teqnion, aimed at expanding its market presence and leveraging synergies within its existing compressed air group, which already includes Avelair. The acquisition is expected to facilitate knowledge transfer and drive growth through collaborative efforts.