Acquisitions in Stockholm, Sweden

Oatey Co., via an affiliate, acquired Aktibolaget Durgo (Durgo), a Stockholm-based developer and manufacturer of air admittance valves and pressure-regulating valves. The acquisition expands Oatey’s manufacturing capabilities and strengthens its footprint across European and Asian plumbing markets.

EQT, via its newly launched EQT Healthcare Growth Strategy, is acquiring Swedish immunoassay specialist Mabtech AB from IK Partners and Mérieux Equity Partners. Mabtech, a developer and manufacturer of antibodies, kits and readers used in vaccine, infectious disease and oncology research, will be supported by EQT to expand its product portfolio and accelerate geographic growth, particularly in the US. The transaction is subject to customary regulatory approvals and financial terms were not disclosed.

Rubicon Technology Partners has acquired Tacton, the Stockholm-headquartered leader in CPQ SaaS for complex manufacturers, with GRO Capital (via GRO Fund III) investing alongside Rubicon. The transaction represents a sale by existing investors GRO Fund I and Kirk Kapital and is intended to accelerate Tacton's global growth, particularly in North America, through product innovation and go-to-market expansion.

Integrity360 has acquired Stockholm-based Netsecure, a cyber security services provider, to accelerate the group's Pan-European expansion into the Nordics. Netsecure (founded 2015, ~40 employees, ~€10m 2023 sales guidance) will serve as Integrity360's Nordic platform; terms were not disclosed.

Ryan, a global tax services and software provider, has acquired Qvalia's VAT compliance and recovery business, expanding its VAT capabilities and footprint across the Nordic region. The deal adds 32 VAT professionals and four country leaders to Ryan's European team while Qvalia retains its finance process automation platform and fintech business.

Investcorp has agreed to acquire a majority interest in Cambio Healthcare Systems AB from Valedo Partners Fund II AB and a group of minority investors (primarily the company's co-founders). Cambio, a Stockholm-based provider of EHR and eHealth software used by hospitals, primary care and social care providers across Sweden, Denmark and the UK, has ~600 employees and over 150,000 users of its solutions; Investcorp intends to support the company's continued growth and international expansion.