Just published in the Official Journal of the European Union, is Prior notification of a concentration between Altor Fund II Equity Partners and Akers Group.

On 16th June 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Altor Fund II (‘Altor’, Sweden) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Akers Group (‘Akers’, Sweden), by way of purchase of shares.

The business activities of the undertakings concerned are:

Altor was formed in 2003 to create a leading private equity firm investing in medium sized Nordic based companies.
Altor’s first fund, the Altor 2003 Fund, has committed capital of €650 million and Altor has recently raised its second fund, Altor Fund II with committed capital of €1,150 million. Leading institutional investors from the Nordic region, the rest of Europe and the US have committed to Altor’s funds.

Åkers is world leading in the roll business with extensive Research and Development activities, a wide range of cast and forged rolls combined with world class production engineering and a global sales and services organisation. With skilled and devoted employees, our vision is to maintain the position as the roll supplier providing best value in use and providing excellent and responsive service to our customer needs.