Ovako acquired by group of industrial investors

Robert Westenberg advised on the acquisition of the long steel producer Ovako by a group industrial investors in 2006.

HHBV and Pampus Industrie Beteiligungen GmbH & Co. KG together acquired Oy Ovako Ab, the Finland based producer of engineering steel, from a consortium of steel companies, for a total consideration of EUR 700mln, including assumed net debt.

The selling consortium comprises Rautaruukki Oyj, the listed Finnish producer of metal-based products, SKF AB, the listed Swedish manufacturer of rollers and ball bearings, and Wartsila Corporation, the listed Finnish manufacturer of ship power supplies.

Back to experience