Avantus Corporate Finance is pleased to announce that it has been exclusive advisor to the industrial consulting company Gesab when they were acquired by Etteplan Oyj, a company quoted on the Nordic list.

Gesab, established in 1985, and its’ subsidiaries is one of the leading providers of industrial consultancy services, primarily within product development and industrial engineering mainly for the automotive, aerospace and household industries. In 2006 Gesab’s consolidated revenue amounted to SEK 163.5 million and the consolidated operating profit to SEK 10.5 million. Gesab’s total assets at 31 December 2006 stood at SEK 53.3 million. The Gesab Group has offices in Gothenburg, Kalmar, Linköping, Trollhättan, Eskilstuna, Stockholm and Budapest, Hungary. Presently the number of employees amounts to 240 people.

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