The Deal
Mitsubishi Electric is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo. Its wide product range includes elevators, home appliances, factory automation systems, electric motors, and semiconductors. The Company is focused on substantial growth of its activities in Europe and other regions. The acquisition of Motum is well aligned with its strategy, and allows Mitsubishi Electric to draw on Motum’s strengths to facilitate its expansion.
The Target
Motum is the leading independent elevator and automatic door service company in the Nordics, operating 11 regional branches in Sweden and Norway with best-in-class technicians and service levels. The Company provides service and maintenance, modernisation, new installation and full replacement services, servicing more than 20,000 units under a multi-brand maintenance business. Motum holds a unique position through its environmental focus, prolonging the lifecycle of elevators and enabling property owners to postpone large investments, thus decreasing their impact.
Accent Equity has established the clear number one independent player in the Nordic market, and Motum is ready to continue its profitable growth journey.
About Accent Equity
Accent Equity is a Nordic Private Equity group with extensive experience of serving as a catalyst for growth in mature companies. Accent Equity is focused on Mid and Small-cap investments in companies with head offices in the Nordic region.
About Mitsubishi Electric
Mitsubishi Electric, established in 1921, is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo. Its wide product range includes elevators, home appliances, factory automation systems, electric motors, and semiconductors.
