Process

Acquisition of URMA Rolls by Mirka (KWH Group)

World leading abrasives and power tools manufacturer Mirka Ltd. announces the acquisition of 100% of the shares of Superabrasive Dressing Rolls manufacturer URMA Rolls s.r.l. in Italy. The acquisition is an integral part of Mirka’s strategy to expand the business in the field of Superabrasives and Grinding solutions and represents for Mirka an excellent opportunity to further expand its Precision Industry business globally.Mirka has for the last 10 years systematically invested in developing the portfolio, first with leading micro grit Coated abrasives development in the main factory in Finland. In 2017 Mirka acquired Italian Superabrasives company Cafro S.p.A, which is now fully integrated into the Mirka Group and a corner stone of the Mirka Precision Industry offering.URMA Rolls s.r.l., based in Turin, Italy, is a leading manufacturer of diamond dressing rolls and CBN wheels. Diamond dressing rolls are typically used in precision grinding operations to dress and guarantee the geometry of the grinding wheel. URMA Rolls have over the last 30 years developed a unique manufacturing process to ensure extreme tolerances on rolls down to a micron meter. Typical applications are e.g. manufacturing of bearings, precision parts, engine parts and aerospace components. “As we welcome URMA Rolls into the Mirka group, we are really excited about the new opportunities we can create together”, says Mirka’s Chief Executive Officer Stefan Sjöberg. “There is an excellent match between URMA Rolls’ and Cafro’s specialized knowledge and manufacturing capabilities, and Mirka’s global market presence. We are also currently working on expanding the portfolio into conventional ceramic grinding wheels to complete the portfolio.”Carner Corporate Finance advised Mirka throughout the acquisition process.Our main value creation components were:

• Company analysis and financial modeling, concentrating especially on valuation and synergy analysis
• Initiation of the potential transaction leading to exclusive one-to-one negotiations
• Bid preparation, Letter of Intent negotiations, assisting in Due Diligence findings’ communication and final SPA negotiations

Buyer

Mirka

Mirka Ltd is a world leader in surface finishing technology and offers a broad range of ground-breaking solutions for the surface finishing and precision industry. Thanks to high-quality sanding and polishing products, and innovative tools with digital services and connectivity, a Mirka solution delivers real benefits to customers in terms of speed, efficiency, surface finish quality and cost-effectiveness. In 2020, turnover was 284 MEUR with approximately 1,400 employees. Mirka has 18 subsidiaries located in Europe, Middle East, North and South America as well as Asia. Headquarters are in Finland, production is in Finland, Belgium, and Italy.

Mirka Ltd.URMA Rolls, S.r.l.