Alantra advised Altor as exclusive financial advisor on the sale of Constructor Group’s industrial business to Gonvarri

SECTORIndustrial Automation & Machinery


Apr 2017
Sell-side advisory

Alantra has advised Altor on the sale of Constructor Group’s industrial business, a leading European manufacturer of industrial storage solutions, to Gonvarri. The transaction is still subject to regulatory filings, but is expected to close in 2017.

Based in Laubach, Germany, with legal headquarters in Norway, Constructor is a leading European manufacturer of industrial storage solutions. The Company provides customized, engineered storage solutions including racking & pallet storage, shelving, storage machines and related third party products and accessories mainly for warehouses and logistical facilities (its commercial storage business for offices and archives was not part of this transaction). Constructor Group will become a part of Gonvarri Steel Services.

Altor is a family of private equity funds focused on investing in and developing medium sized companies with a Nordic origin. Since inception, the family of Altor funds has raised some €5.8bn in total commitments. These funds have invested in excess of €3.8bn in more than 40 companies. The investments have been made in medium sized Nordic companies with the aim to create value through growth initiatives and operational improvements.

Gonvarri Steel Services has 36 factories in the steel transformation sector for automobiles, road safety, material handling and solar energy in 16 countries with revenues of more than €2.3bn in 2016. Gonvarri Steel Services is part of Gonvarri Steel Industries, a leading company in steel service centers and manufacturing renewable energy components with more than 8,000 employees that reached revenue of more than €2.8bn in 2016. Its strategy around the steel transformation business is based on the development of products and services with great value added, which allows it to establish closer relations with its main customers.

This transaction further strengthens Alantra’s track record in the Material Handling sector, in particular within the industrial storage industry, where we have advised on many of the relevant transactions in both Europe and the US. Additionally, following the sale of EVAC in Finland, this marks the second transaction for one of the leading Nordic PE houses within the past weeks.

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