Manufacturing Machinery

Acquisition: Karnell Group AB (publ)

Matteo Timpani, George Lawford
23/10/2024
Manufacturing Machinery
Crowe provided financial and taxation due diligence services.

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 further expanded its business activities into the UK with the acquisition of N E Engineering Holdings Ltd (NEH).

NEH is a precision engineering manufacturer based in Norfolk, specialising in the machining complex components for customers in the oil and gas, and high-performance motorsport industries. NEH has been in operation since 2009 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

"It was a pleasure to work with the Crowe team again, who provided us with a concise and high standard financial and taxation due diligence report in a short time frame, which was invaluable for our second acquisition in the United Kingdom."

Mika Venho, Senior Investment Director, Karnell Group AB (publ)

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