MidEuropa Completes Sale of Norican Group to Altor
MidEuropa, the leading private equity firm in Central and Eastern Europe and Turkey, announced today that it has completed the sale of Norican Group (the “Group”) to funds affiliated with Altor Equity Partners (“Altor”).
The sale of Norican Group to Altor was announced on 19th December 2014, and was subject to regulatory approvals, which were received in the past weeks.
Norican Group is one of the world’s leading producers of metallic parts enhancement equipment and provides equipment, parts, technology and services to its customers which enables them to mold, clean, strengthen or polish metallic parts. The Group was created by the merger of the DISA (founded in 1900) and Wheelabrator (founded in 1908) groups of companies in 2008. The Group has an estimated 32,500 machines installed at over 10,000 customer sites in nearly 100 countries.