Nordhaven Corporate Finance advised valve manufacturer Högfors and its owners in the sale of the company to ARI-Armaturen Group, a mid-sized German valve manufacturing company. Högfors, established in 1927, is a Finnish manufacturer of high-quality valves for district heating, district cooling and process industries.
“It was a pleasure to work with Nordhaven. With their help, we were able to find the best new owner for Högfors, who can support the company’s growth strategy and strengthen its international operations. We are extremely pleased with the outcome and on the way Nordhaven guided us through the process” says Pekka Karhumäki, Chairman of the Board at Högfors.
Thomas Goessling, CFO of ARI-Armaturen, says: “From our point of view the process was very open but at the same time highly professional. All the discussions and negotiations were to the point but at the same time goodhearted – which is not always the case.”
ARI-Armaturen Group is a German family owned valve manufacturer that operates directly in 16 countries and has over 800 employees.
Mika Jalamo, Partner at Nordhaven, says: “The transaction represents a continuation in our pan-European deals where we greatly benefited from our international partnership with Clairfield. We are thankful for the owners of Högfors on the trust they placed on us as well as on the great support we received from them and the management of the Company.”