HLXK Kapital AB (“Helix”) has entered into an agreement to divest its ownership in Holms Intressenter AB (“Holms”) to Ejendal Invest. During Helix’ ownership period, Holms has successfully grown its sales in North America, Central Europe and in the Nordic home markets, broadened and renewed its product offering, and developed concepts for the next generation of electric attachments.
Helix acquired Holms in July 2018 and has worked closely with the management team to implement several strategic initiatives to strengthen the global position. Significant investments in organization and product development have positioned Holms at the forefront of quality, innovation and electrification. Additionally, Holms has established a strong foothold in North America, which constitutes a large and growing market for Holms’ products.
“Holms Attachments is today a leading player within road maintenance equipment for heavy vehicles. I am proud of what the management team and our employees, with support from the board and Helix, have achieved in recent years. I am confident that Holms is well positioned for continued growth and after a successful period with Helix Kapital as majority owner, we now look forward to continuing the growth journey together with Ejendal Invest” says Carl Gindahl, CEO, Holms Attachments AB.
Financial terms of the transaction are not disclosed.
About Holms Attachments
Holms Attachments is a leading manufacturer of high quality road maintenance equipment with a wide product range including pick-up sweepers, sweepers and snowplows. Holms was founded in 1927 in Motala and has a leading niche position globally. The company has an international dealer network and unique collaborations with leading OEM players.
About Helix Kapital
Helix is a Swedish investment fund that invests in profitable, high-quality small-cap companies in Sweden. Helix focuses on companies with proven growth and development potential where Helix can act as a partner to accelerate the companies’ development and create long-term value. By being an active owner who contributes with capital and expertise, Helix enables companies to achieve their full potential.