Karnell Group Acquires NE Engineering Ltd
July 12, 2024
Karnell Group AB (publ) has acquired a 90.1% stake in NE Engineering Ltd, a Norwich-based precision engineering company specializing in CNC milling and turning. The acquisition expands Karnell's Niche Production business area, with NE's founders retaining 9.9% and an earnout tied to 2024–2025 performance; Karnell cited technical capability and cross-sell potential with its existing UK assets as drivers of the deal.
- Buyers
- Karnell Group AB (publ)
- Targets
- NE Engineering Ltd
- Industry
- Manufacturing
- Location
- Norfolk, United Kingdom
- Transaction Type
- Buyout
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