EQT has acquired Swedish Dellner Couplers, one of the world’s largest producers of parts for trains. According to DI, other interest buyers included Nordic Capital, Cinven and Triton. Dellner Couplers sales amounted to SEK 1.7bn in 2017 and the firm is expected to report EBITDA of SEK 440m for 2018. The purchase price is approx. SEK 7.5bn, corresponding to an EV / EBITDA multiple of 17x.