# Cinven sells Tractel to Alimak Group for EUR 500 million

Cinven, the private equity firm, agreed to sell Tractel, a height safety solutions provider, to Alimak Group AB for EUR 500 million on an enterprise value basis. The acquisition was announced on August 1, 2022.

- Type: Acquisition
- Announced: 2022-08-01
- Value: $510.0M (500.0M EUR)
- Status: announced
- Products: working-at-height solutions, height safety equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Alimak Group](https://endata.com/companies/19539.md) (acquirer)
- [Cinven](https://endata.com/companies/23050.md) (investor)
- [Tractel](https://endata.com/companies/64495.md) (target)

## Sources

- [tractel.userism.agency](https://tractel.userism.agency/global/news/2022/08/cinven%20sells%20tractel%20to%20alimak%20group%20ab), 2022-08-02: "Cinven, the international private equity firm that has owned Tractel since 2015, has today announced that they have agreed to sell Tractel to Alimak Group AB."
- [corporate.alimakgroup.com](https://corporate.alimakgroup.com/en/alimak-group-ab-alimak-group-makes-a-transformational-acquisition-of-tractel-and-accelerates-its-profitable-growth-strategy/), 2022-08-02: "Alimak Group AB has entered into an agreement to acquire Tractel, a world leading height safety specialist."

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