Acquisition: Karnell Group AB (publ)
Karnell Group AB (publ) (Karnell) is an investment company based in Sweden, which holds investments in a number of leading Nordic industrial technology companies. Karnell has expanded its business activities into the UK with the acquisition of Plalite Limited (Plalite), which was completed on 21 December 2023.
Plalite is a precision engineering manufacturer based in Kent, specialising in the machining of complex components for customers is the aerospace and high-performance motorsport industries. Plalite has operated since 1968 and has a number of blue-chip customers throughout the UK.
Crowe's role and team
Crowe provided financial and taxation due diligence services. The transaction services team was led by Peter Varley, George Lawford, Monty Cann and Paddy Milton.
Client quote
"Being our first acquisition in the UK, we relied heavily on the expertise from Crowe. The cooperation with the team was excellent and we look forward to working together with Crowe again on our ongoing expansion in the UK market."
Anders Elgemark, Investment Director, Karnell Group AB (publ)
