Advised on Sale of CompanyBuilding Products & Services
Acquired 100% of Business Operations
The acquisition is an add-on acquisition for the VOLATI Industry business area and the TORNUM business unit. The acquisition strengthens TORNUM’s offering in grain and feed handling and gives the company a stronger market position in Europe, where the Spanish grain handling market is one of the largest.
Founded in 1962, APISA (www.apisa.info) is a market leader in drying and storage solutions for grain, feed and biomass, with references in many different countries such as Portugal, Argentina, Chile, Romania, Hungary, Russia, etc. Headquartered in Huesca, APISA has annual sales over EUR 15 million and approximately 50 employees.
VOLATI is a Swedish industrial group, founded in 2003, consisting of the business areas Salix Group and Industry. VOLATI mainly acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. VOLATI has operations in 16 countries, approximately 1,500 employees and annual sales of just over SEK 5 billion. VOLATI’s ordinary shares and preference shares are listed on Nasdaq Stockholm.