Storskogen acquires Danmatic Automated Bakery Systems and Prægel & Co

Transactions, Industry

Storskogen has acquired a majority stake in Danmatic Automated Bakery Systems and its subsidiary Prægel & Co, a leading manufacturer and distributor of industrial bakery equipment in Scandinavia. The transaction was completed on March 1st, 2021.

Storskogen has completed its first transaction in Denmark following the acquisition of Danmatic Automated Bakery Systems A/S and its subsidiary Prægel & Co A/S.  

Following the investment, Danmatic and Prægel & Co´s founders Claus Lykke Gregersen and Henrik Kriby Prægel will remain in their roles as Co-CEOs for Danmatic and will continue as shareholders. Erik Hedemann Andersen will continue as CEO for Prægel & Co and remain a shareholder. 

Claus Lykke Gregersen, Henrik Kriby Prægel and Erik Hedemann Andersen expressed their delight at completing the transaction; “With the backing of Storskogen, Danmatic and Prægel & Co will be able to grow further. Together we can strengthen our position and presence as one of the leading manufacturers and distributors of midsized and industrial bakery equipment in Scandinavia. 

Danmatic and Prægel & Co will belong to Storskogen’s business area Industry, led by Fredrik Bergegård.

“We are very pleased to have acquired Danmatic and Prægel & Co. They are well-run companies with unique market positions, profitable business models and high levels of competence in their field. We look forward to continuing to develop the company together with the management.” says Fredrik Bergegård, Head of Business Area Industry, Storskogen.

For further information, please contact:

Fredrik Bergegård, +46 70 357 60 25, fredrik.bergegard@storskogen.com

About Danmatic Automated Bakery Systems and Prægel & Co
Danmatic was founded in 1988 and is specialised in design, production, sale, and service of industrial processing machinery for the bakery industry. Throughout the years Danmatic has built a knowledge base and expertise that enables the company to meet individual customer needs. Danmatic’s head office and production facilities are located in Viborg (Jutland) and its sales office is located in Kvistgaard (North of Copenhagen). Prægel & Co was founded in 1989 and is specialised in consulting, sale, and service of technical bakery equipment for artisan and mid-sized production. Throughout the years Prægel & Co has built wide knowledge and expertise which enables the company to meet individual customer needs. Prægel & Co is located in Kvistgaard (North of Copenhagen).

About Storskogen

Storskogen is a privately owned company founded in 2012, with a mission to acquire and operate well-managed and profitable companies with leading positions in their respective markets. Storskogen believes in nurturing the qualities that have made the company successful and has no intention to divest any companies acquired. Storskogen has a diversified portfolio of about 70 business units with a total turnover of more than 1 billion Euro.