November 30, 2018 - Assignment

Accent Equity divests Nordic Traction Group

The investment fund Accent Equity 2012 and minority shareholders have agreed to divest 100% of the shares in Nordic Traction Group, a leading manufacturer of bespoke vehicle traction aids, to AB Max Sievert, a long-term focused investor in Nordic based companies. Nordic Traction operates from two manufacturing sites based in Loimaa, Finland, and Dumfries, Scotland (UK), from where it supplies its products directly to OEMs and other distribution channels in over 30 countries worldwide.

Accent Equity was advised by Mannheimer Swartling in the transaction, which is expected to be completed on 13 December 2018.