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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