The investment company United Partners Investment (UPI) will acquire the INTRAC group of companies. The new owner of the INTRAC Group is an independent investment banking firm with focus on the Baltic countries. The core business lines are corporate finance advisory services, direct investments, asset management and real estate investments. Mr. Marko Tali, Investment Manager at UPI says; “Acquiring INTRAC allows UPI to create synergies between light and heavy machinery distribution in the Baltic’s.”
BaltCap and Nalka Invest have been owners for 20 and 15 years respectively. Mr. Peter Saks from BaltCap comments; “Together with the company Management we have succeeded in building INTRAC into the leading heavy machinery trader in the Baltic region.”
INTRAC Group President, Mr. Carl Leijonhielm, told; “UPI is a perfect match with INTRAC and we are confident we can that we in cooperation with United Partners Investment can take the INTRAC companies to an even higher level.”
The INTRAC organisation will remain unchanged including the small HQs in Stockholm. Besides the Board of Directors very little will be noticed of the ownership change. Marketing Director Fredrik Brandhorst summarises it as; “Our business will continue as it has been up to today, the INTRAC brand will remain, neither employees nor customers will notice anything of the change in the daily work. Moreover none of our suppliers have had any objections to the ownership change so the INTRAC offering of yesterday will remain unchanged also for the foreseeable future.”
Completion of the transaction is subject to regulatory approvals.