IMAP is pleased to announce that Zephyr Trading has acquired Skandiaverken Group (SKV). Terms of the transaction were not disclosed.
Established in 1974, Zephyr is located in La Spezia, Italy. It provides parts and services to ships worldwide, both on board and ashore and is the market leader in Italy in this sector.
SKV is based in Bizkaia, Spain, with subsidiaries in the UK and Peru. It specializes in dealing with original parts for 2 and 4 stroke marine engines and has over 12,000 different products. Exports account for more than 80% of its sales and in 2017, SKV had a total turnover of over EUR18 million. It currently employs circa 50 people across its various premises.
By acquiring SKV, Zephyr becomes a global reference in the supply of marine motor parts and repair services.
The IMAP Spain team acted as financial advisor to Zephyr on the 100% acquisition of SKV.
LTK is specialized in providing logistics services to the Aerospace and Automotive sectors, with customers including the Airbus Group and Alestis Aerospace.
Looping was founded in 2011, following the acquisition of 7 parks from Compagnie des Alpes. It comprises 15 leisure parks in Europe.
Established in 1998, Irish Progressive Services International (IPSI) is a Dublin-based provider of technology-enabled Third Party Administration services to the global Life and Pensions Industry.
