# Yleiselektroniikka Oyj to acquire Machinery Group Oy for EUR 18.75 million

Yleiselektroniikka Oyj signed an agreement to acquire all shares in Machinery Group Oy for a cash consideration of EUR 18.750 million. The acquisition is conditional on approval by an extraordinary general meeting expected on 2 March 2020.

- Type: Acquisition
- Announced: 2020-02-03
- Where: Finland
- Value: $20.6M (18.8M EUR)
- Status: announced
- Products: technical trading goods
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Yleiselektroniikka Oyj](https://endata.com/companies/45014.md) (acquirer)
- [Machinery Group Oy](https://endata.com/companies/45015.md) (target)
- [Preato Capital AB](https://endata.com/companies/45016.md) (investor)

## Sources

- [machinery.fi](https://machinery.fi/machinery/ajankohtaista/yleiselektroniikka-oyj-on-allekirjoittanut-sopimuksen-machinery-group-oyn-koko-osakekannan-ostamisesta-muodostaakseen-johtavan-suomalaisen-teknisen-tukkukaupan-konsernin/), 2020-02-04: "Yleiselektroniikka Oyj on allekirjoittanut sopimuksen Machinery Group Oy:n kanssa koko osakekannan ostamisesta muodostaakseen johtavan suomalaisen teknisen tukkukaupan konsernin."
- [machinery.fi](https://machinery.fi/en/machinery/news/yleiselektroniikka-oyj-has-signed-an-agreement-to-acquire-all-shares-in-machinery-group/), 2020-02-04: "Yleiselektroniikka Oyj has signed an agreement to acquire all shares in Machinery Group Oy for a cash consideration of EUR 18.750 million."
- [dnbcarnegie.com](https://www.dnbcarnegie.com/transaction/acquisition-of-machinery-group-oy-fi-by-yleiselektroniikka-oyj-fi-enterprise-value-eur-262-million/), 2020-02-05: "Carnegie acted as sole financial adviser to Yleiselektroniikka in the acquisition of Machinery Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.