# Karnell Group acquires majority stake in Drivex AB

Karnell Group AB acquired a 72.5% majority stake in Drivex AB, a Swedish manufacturer of attachments for wheel loaders, with the existing owners retaining 27.5%.

- Type: Acquisition
- Announced: 2022-03-31
- Where: Edsbyn, Sweden
- Status: completed
- Products: attachments for wheel loaders, snowplows, pallet forks, sweepers, buckets, sand spreader buckets, material handling arms, ice blades
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Karnell](https://endata.com/companies/19459.md) (acquirer)
- [Drivex AB](https://endata.com/companies/61991.md) (target)

## Sources

- [karnell.se](https://karnell.se/en/press-releases/karnell-group-ab-publ-acquires-a-majority-in-drivex-ab/), 2022-03-31: "We are happy to welcome the team at Drivex to Karnell and look forward to working together and continue the development of the business."
- [karnell.se](https://karnell.se/en/press-releases/karnell-group-ab-publ-acquires-a-majority-in-drivex-ab-2/), 2022-03-31: "Karnell has on 31 March 2022, acquired a majority of the shares in Drivex AB."

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