ITT Corporation $118 million acquisition of Axtone Group

26/1/2017

Private acquisition

Value:

$ 118 million

Status:

Completed

Date:

26/1/2017

Overview:

ITT Corporation has acquired Axtone Group from IK Investments Partners' IK 2004 Fund for $118 million.
Axtone Group supplies energy technology for railway vehicles. It has 660 employees across six locations in Poland, Germany, Czech Republic and Russia and is headquartered in Kańczuga.
ITT Corporation is a technological solutions company listed on the NYSE.

Rani Mehta - Journalist

Jurisdiction:

Poland

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

Poland

Industry sector:

Energy

Firms:

Clifford Chance

Party: IK Investment Partners (Seller)

Lawyer: Agnieszka Janicka

Sołtysiński Kawecki & Szlęzak

Party: ITT (Acquirer)

Lawyer: Krzysztof Pawlisz

Willkie Farr & Gallagher

Party: ITT (Acquirer)

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Agnieszka Janicka
- Managing Partner of Clifford Chance Warsaw, Head of the Corporate/M&A and Private Equity Department
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- Poland