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Private Equity Provider Acquires FlexLink AB
May 5, 2005 |Estimated reading time: Less than a minute
GÖTEBERG, Sweden — FlexLink AB has been acquired by ABN AMRO Capital, a private equity provider in Europe. FlexLink was acquired by a management buy-out from EQT, a private equity funds group that had originally acquired a 90% interest in FlexLink from AB SKF in 1997.
FlexLink is well-positioned for future growth, as factory automation systems continue to develop in sophistication in response to the increased use of robotics and the growing need for flexibility in manufacturing," according to Johan Bjurström, Nordic head of ABN AMRO Capital.
"After FlexLink's strong development during EQT's time as an owner, I am convinced that with ABN AMRO Capital as new owners, we will have the best possible preconditions to continue our growth during the coming years," states Fredrik Jönsson, FlexLink's CEO. "We have built a platform for continued strong growth, consisting of a leading range of products for the global market."