# Addtech Group acquires majority stake in C. Gunnarssons Verkstads

Addtech Industrial Solutions, a unit of Addtech Group, agreed to acquire 89% of shares in C. Gunnarssons Verkstads (CGV), a Nordic supplier of lumber handling machinery based in Vislanda, Sweden. The deal is expected to close in July 2024.

- Type: Acquisition
- Announced: 2024-06-11
- Where: Vislanda, Sweden, Sweden
- Status: announced
- Products: machinery for lumber handling, production lines for lumber handling
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Addtech](https://endata.com/companies/6928.md) (acquirer)
- [C. Gunnarssons Verkstads](https://endata.com/companies/77967.md) (target)

## Sources

- [mainsights.io](https://www.mainsights.io/ma-news/addtech-group-acquires-a-majority-stake-in-lumber-machinery-supplier-c-gunnarssons-verkstads), 2024-06-11: "The acquisition, expected to close in July, will see CGV becoming part of the Material Processing business unit of Addtech, strengthening its offer to the forest industry."

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