PowerAir

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 Disclosed
• Sector: Industrials & Energy
• Advisor: KBS Corporate
• Key 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.