Crowe advised the shareholders of ABSSAC Ltd on their sale to OEM International AB. ABSSAC is a well-established supplier of precision engineered power transmission and motion control products, serving customers across a broad range of industrial end markets.
The transaction provides ABSSAC with the opportunity to build on its strong market position and technical expertise as part of a larger international group, while enabling OEM International to strengthen its presence in the UK market and expand its industrial product offering. Crowe worked closely with the shareholders throughout the process, providing strategic and commercial advice to support the successful completion of the transaction.
“We are excited to start the next chapter as part of the OEM International Group. The transaction will allow us to enhance our customer offering while still maintaining the high levels of service and technical support our customers have come to expect.
I would like to thank Crowe for their support throughout the process. Their expertise and guidance have been invaluable, and we are extremely grateful for their contribution in helping us achieve this successful outcome.”
Kerry Easton, Managing Director, ABSSAC Ltd