The acquisition is an add-on acquisition for the VOLATI Industry business area and the TORNUM business unit. The acquisition strengthens TORNUM’s offering in grain and feed handling and gives the company a stronger market position in Europe, where the Spanish grain handling market is one of the largest.
“We are pleased at the opportunity to acquire the Spanish company APISA. The acquisition fits in well with TORNUM’s European growth strategy and creates opportunities for considerable sales synergies as we gain access to both attractive products and new markets,” says Nicklas Margård, Head of Business Area Industry.
About APISA
Founded in 1962, APISA (www.apisa.info) is a market leader in drying and storage solutions for grain, feed and biomass, with references in many different countries such as Portugal, Argentina, Chile, Romania, Hungary, Russia, etc.
Headquartered in Huesca, APISA has annual sales over EUR 15 million and approximately 50 employees.
About VOLATI
VOLATI (www.volati.se) is a Swedish industrial group, founded in 2003, consisting of the business areas Salix Group and Industry. VOLATI mainly acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. VOLATI has operations in 16 countries, approximately 1,500 employees and annual sales of just over SEK 5 billion. VOLATI’s ordinary shares and preference shares are listed on Nasdaq Stockholm.
About IMAP ALBIA CAPITAL
IMAP ALBIA CAPITAL is a company specializing in mergers and acquisitions, an exclusive member in Spain of the IMAP organization, with a presence in 43 countries. IMAP ALBIA CAPITAL is among the top 10 independent consultants in the Spanish market. On a global level, IMAP closed 218 deals in 2020 and likewise occupies a consolidated position among the top 10 M&A advisors worldwide, being the first from among the independent consultants.