Momentum Group acquires 93.7% of Askalon, a Swedish industrial valve maker

Momentum Group signed an agreement on 22 May 2023 to acquire 93.7 percent of Askalon AB from the founding Warnqvist family, at an enterprise value of SEK 240 million for 100 percent. Closing is expected in early June 2023.

“The purchase price for 100 percent of the shares amounts to SEK 240 million (enterprise value) and closing is expected to take place in early June 2023.”momentum.group

• 2 sources
• momentum.groupMomentum Group acquires Askalon – takes an important position in industrial valves – Momentum GroupMay 22, 2023
• onlyvalves.comValve News – OnlyValves.COMNov 29, 2024

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