Extract from M&A Insights

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Midway divests Sigarth to Finnish-based Rettig ICC for SEK 75m
November 14, 2018

Midway Holding has divested all shares in Sigarth to Rettig ICC Group for SEK 75m. Sigarth specialises in suspension systems and accessories within the radiator industry. Their main client group is HVAC companies. Sigarth reported a turnover of SEK 144m and EBIT of SEK 7m in 2017, corresponding to an EV/EBIT multiple of 10.7x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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