MCF advises Accent Equity on the sale of Motum to Mitsubishi Electric
Accent Equity 2012 L.P. has entered into an agreement to sell Motum AB (“Motum”), the leading independent elevator and automatic door service company in the Nordics, to Japanese Mitsubishi Electric Corporation (“Mitsubishi Electric”). The transaction combines Mitsubishi Electric’s 100+ years of experience with Motum’s long heritage of best-in-class service and technical know-how and facilitates Motum’s next phase of growth.
MCF supported Accent Equity in reviewing its strategic options and ultimately finding the right partner for Motum’s journey, using its extensive experience within Business Services. The transaction adds to MCF’s record in helping well-established, PE-owned businesses to maximise the outcome through sector expertise and consistent support throughout the engagement.
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.
