December 29, 2014 - Assignment

Absolent acquires Avani Environmental International

Absolent Group AB has acquired Avani Environmental International Inc., a company based in Raleigh, NC, United States providing air purification products on the US market.

Avani Environmental International Inc. is an air purification company that represents and distributes both its own and other brands. Avani’s customers are primarily engaged in the US manufacturing industry. Absolent Group AB is an international company producing air cleaning equipment for the machine tool business. Typical applications are CNC operations, quenching and die casting. Absolent has its headquarters in Lidköping, Sweden, and the company’s shares are listed on First North at Nasdaq Stockholm.

Absolent was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Hampus Thofte, primarily assisted by Evelina Anttila and Jakob Wijkander.