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Fredericks Michael & Co. advises Patria Oyj, Finland on the sale of its Vammas airport snow removal equipment activities to Hagie Manufacturing Company, USA
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Patria Oy (Finland) is a leading European defense and aerospace group with turnover of € 540 million. The Vammas airport snow removal equipment business no longer fit with Patria's long term business strategy.
Fredericks Michael & Co. (FM&Co.) acted as Patria's exclusive financial advisor with respect to the sale of the Vammas airport snow removal equipment business including identifying and approaching potential buyers, managing due diligence and advising on valuation, structuring and negotiations through closing.
After a comprehensive search for potential new owners, FM&Co. approached a number of selected companies in Europe, the Americas, and Asia. Patria elected to enter into exclusive negotiations with Hagie Manufacturing Company, USA because of Hagie's strategic interest in supporting Vammas' existing customers, as well as its capability to leverage its leading US-based manufacturing expertise to expand in the US and internationally.
For over 20 years, Fredericks Michael & Co. has served as financial advisor to large corporations, private and family-controlled businesses, and financial sponsors seeking to execute cross-border mergers, acquisitions, divestitures and strategic alliances in Europe, the Americas and Asia. In addition to its extensive expertise in all aspects of cross-border transactions, FM&Co.'s private ownership, its commitment to service and confidentiality, its approach towards developing long term relationships are key factors for being selected as an advisor on M&A transactions. With offices in New York and London, FM&Co. offers its clients the critical knowledge, cross-cultural understanding and industry relationships needed to carry out transactions in a time efficient, thorough and discreet manner.
