Solix acquires MAAG

Solix Group AB (“Solix”), a Malmö-and Copenhagen-based investment company, has entered into an agreement with FLSmidth to acquire the MAAG gear business.

MAAG gear is a leading manufacturer of high-quality heavy-duty gears and drive systems primarily for the cement and mining industries with an average annual turnover of DKK 400-500 million. The transaction is expected to be completed in the first quarter of 2024.

Solix was advised by Mannheimer Swartling in the transaction.


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