On December 7, 2022, MVI will be able to announce a new group of companies in the sales and aftermarket of electric motors and related products. Together under the Nordic Drives Group, the group forms a strategic partnership focused on assisting the Nordic process industry and OEM manufacturers with solutions in energy efficiency, reduced energy consumption and increased reliability for electric motors and related products. Together with the contractors and the group's employees, we look forward to creating a reliable and proactive partner.

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Since the end of 2021, MVI Fund II is in partnership with the companies Krylbo Elektra AB, Falun Borlänge AB, Jo-Wic Elteknik AB, Elektromekanisk Industriservice AB, Bröderna Eriksson Maskinel i Söderhamn AB and Elektrolindningar T Holm AB, a leading Swedish group in sales and after-sales service of electric motors and frequency converters.

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On 1 December 2022, the acquisition of Fabrika A/S, a leading Danish supplier of customised electric motors under its own brand, focusing on the OEM segment, was completed. Together with its customers, Fabrika develops and customises optimised electric motor solutions for its customers' end products. With Fabrika joining the Group, Nordic Drives Group broadens its presence in the value chain and can expand its offering to all of the Group's customers. On an annual basis, the group is expected to reach a turnover of SEK 300m with approximately 93 employees across several offices in Sweden and Denmark.

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Energy efficiency is a critical focus area for ensuring a reliable and sustainable energy supply. Increased industrial focus on energy efficiency and reliability combined with a larger installed base of electric motors creates a local need for aftermarket service and product sales. Nordic Drives Group is well positioned to take advantage of underlying market trends for future growth through strong collaboration, shared expertise and exceptional delivery across large parts of the value chain.

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MVI looks forward to continuing to support the group management and to grow together with the Nordic Drives Group. All owners will remain in the group operationally and have invested together with MVI.

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Krylbo Elektra was founded in 1932 as a mechanical workshop and in 1985 the current business was established with a focus on electric motors and frequency converters. Krylbo Elektra was then complemented by Falun Borlänge Elektra and the companies have a strong market position in Dalarna with two workshops. The service offering includes service and sales of electric motors and related products, such as frequency converters, pumps and switchgear.

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Jowic was founded in 2004 and is based in Sundsvall and Örnsköldsvik. The company offers service and product sales, both at customers and in its own workshop, within electric motors and related products. Jowic has a strong position in the Sundsvall region.

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Br. Eriksson was founded in 1991 and offers sales and service of electric motors and related products. The company works mainly with local customers in the process industry, sawmills, steel mills and real estate companies in the Söderhamn area.

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EMI was founded in 2005 and is based in Kramfors, Sweden, providing service and product sales in electromechanics, hydraulics and PLC systems with a focus on customers in sawmills and pulp mills.

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T Holm was founded in 1953 and operates in the Söderhamn region. Services include service and product sales within electromechanics, mainly to customers in the heavy process industry.

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Founded in 2011, Fabrika supplies custom electric motors, mainly under its own brand, to OEMs with end products in various inverter fields. Customers are international with a focus on Denmark and Germany. Fabrika is headquartered in Randers, Denmark, with regional sales offices in Germany. Fabrika has a strong service offering with extensive technical knowledge, support in logistics and a high focus on customer support.

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