CLP has assisted in the sale of Maskinstyring AS, Kinematic ApS and Makin AS

CLP has assisted the shareholders of Maskinstyring AS, Kinematic ApS and Makin AS on their successful sale of the companies to the Swedish private equity firm Priveq. This strategic acquisition has led to the formation of the Makin Group, a dynamic entity that combines the strengths of Maskinstyring, Kinematic and Makin, to deliver advanced machine control solutions and engineering that substantially enhances the efficiency in construction workflows.

Makin, established in 2018 as a joint venture between Maskinstyring and Kinematic, has rapidly emerged as a leader in next-generation heavy construction machine control systems. Its success is attributed to the synergies between Makin and Kinematic's cutting-edge technology platform and Maskinstyring's exceptional sales, service and engineering capabilities.

Henrik Jatko, Partner at Priveq, says in their press release: "We are impressed by how Makin in a short time has established itself in Norway and Sweden as the leading machine control system. Through focus on user friendliness, a state of the art tech platform and world class service and support, Makin has become the go to system for heavy construction machines in the Nordic region. We look forward to, in partnership with founders and employees, supporting the company in the further expansion of the product portfolio and geographical footprint."

Several founders have reinvested a significant portion of the purchase price in Makin Group, reinforcing their commitment to the group's future. The reinvestment, coupled with the new unified ownership structure, positions Makin Group for sustained organic growth through strategic geographical and product expansion. Ole Helge Aalstad, CEO of Makin Group, commented: "We are happy to partner up with Priveq who has more than 40 years of experience working with entrepreneurs. We have come a long way with existing owners and structure. Now we are taking steps to enhance collaboration, align product development more closely with commercial operations, strengthen leadership and strategy within the company, and professionalize the value creation".

CLPs core team for this transaction included Lars Gunnar Aas, Kristoffer Gjesdahl and Jon Lauvstad Kruken.

Read more about the case here.