“We are very happy to have found a long-term industrial home for Motum in Mitsubishi Electric. Motum will be able to serve as a new growth platform for Mitsubishi Electric, whilst also benefitting from Mitsubishi Electric’s considerable technological know-how and customer offering. Motum’s management has successfully created an integrated leading player with unique capabilities, especially within sustainable modernisation of elevators. We are confident that Mitsubishi Electric will be an excellent new owner of Motum”, says Claes Bodell, Partner at Accent Equity Partners, investment advisor to Accent Equity.
“We are grateful for the support, trust and strategic guidance we have received from Accent Equity and the board over the years. Together with our owners and board, we have led a consolidation of the Swedish elevator industry, put sustainability on the agenda through our strong modernisation offering, and created an integrated player in the Nordic elevator landscape which still retains its local business relations and entrepreneurship. We look very much forward to continue to execute on our growth strategy together with Mitsubishi Electric and we are confident that this is the beginning of an exciting new phase in Motum’s journey”, says Fredrik Eliasson, CEO of Motum.