# 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.

- Type: Acquisition
- Announced: 2023-05-22
- Where: Sweden
- Value: $23.0M (240.0M SEK)
- Status: announced
- Products: control valves, advanced valve solutions
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Askalon AB](https://endata.com/companies/1898.md) (target)
- [Momentum Group](https://endata.com/companies/7581.md) (acquirer)

## Sources

- [momentum.group](https://www.momentum.group/en/release/momentum-group-acquires-askalon-takes-an-important-position-in-industrial-valves/), 2023-05-22: "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."
- [onlyvalves.com](https://onlyvalves.com/category/valve-news/), 2024-11-29: "Momentum Group continues its expansion and has signed an agreement to initially acquire 93.7 percent of the shares in Askalon AB from the founding Warnqvist family."

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