Makin Joins Forces: Priveq's Strategic Acquisition of Kinematic and Maskinstyring
Deal News | Feb 04, 2025 | Priveq Investment
Priveq Investment has strategically acquired Makin, Kinematic, and Maskinstyring to form the Makin Group. The co-founders of Makin and Maskinstyring have partnered with Priveq to buy these three companies from their existing owners. This newly formed Makin Group will provide advanced machine control solutions targeting heavy construction machinery, enhancing its position in the construction tech market. This move underscores Priveq's commitment to fostering growth and innovation in machine control technologies for the construction industry.
Sectors
- Construction Technology
- Private Equity
Geography
- Sweden – Priveq Investment is a Swedish private equity firm, indicating that the transaction and formation of Makin Group are based in Sweden.
- Denmark – Considering the setting and the regional operations of the involved companies, Denmark is relevant as Maskinstyring is a Danish company.
Industry
- Construction Technology – The article describes the creation of Makin Group, focused on providing machine control solutions for heavy construction machinery, a significant segment within the Construction Technology industry.
- Private Equity – Priveq Investment is involved as the PE firm orchestrating the acquisition and formation of Makin Group, illustrating investment activities within the Private Equity sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Priveq Investment | Acquirer/Private Equity Firm | Company | Priveq Investment is a private equity firm acting as the primary acquirer in the creation of Makin Group. |
| Makin | Target Company | Company | Makin is one of the companies acquired by Priveq to form the newly established Makin Group. |
| Kinematic | Target Company | Company | Kinematic is included in the group of companies acquired by Priveq to establish Makin Group. |
| Maskinstyring | Target Company | Company | Maskinstyring is another company acquired by Priveq to form part of Makin Group, specializing in machine control. |
| Makin Group | New Entity/Portfolio Company | Company | Makin Group is the newly formed entity post-acquisition, focused on providing machine control solutions for the construction sector. |
| Co-founders of Makin and Maskinstyring | Partners | People | They have partnered with Priveq in acquiring the companies and forming the new Makin Group. |