18.09.2024

Private Equity owner for Talurit

Nordic financial services group Seb Private Equity has acquired Swedish wire rope manufacturer Talurit following the retirement of the company's second generation owner, Bernhard Rohland, at the age of 86.

Talurit was established in 1948 by Gerhard Rohland after he patented a solution for the mechanical splicing of wire ropes. He began manufacturing his rope from a facility in Gothenburg, Sweden where the company headquarters are still located. It also operates subsidiaries in Singen, southern Germany, Singapore, and Ningbo, China due south of Shanghai, as well as the UK.

Seb Private Equity focuses on investments in Northern European markets and says that the Talurit leadership team will remain unchanged, with Victor Lindh as chief executive, Neil Cooke as managing director of Talurit UK, and Uli Kaltenbrunner as managing director of Talurit GmbH in Germany.

Bernhard Rohland said: “My foremost goal has been to find the right owner for the business, one that shares our company's values and is committed to the continued success of the Talurit brand on an international scale. I believe we have found that in Seb Private Equity. Their expertise and investment philosophy will serve as a solid foundation for the group to expand on its ambitious targets. I am also very happy to see that current management are committed to continuing their journey."

Seb’s investment director, Maria Bilkenroth added: "We are thrilled to welcome Talurit into our portfolio. This is a company with a long and proud history, and we believe its future potential is immense. Our investment strategy is built around working with companies to achieve sustainable growth, and we see tremendous opportunities for Talurit to continue expanding globally."