Livingstone has acted as exclusive financial advisor to Obadja AB on the sale of the Rehobot Group to J2L Holding AB (J2L). Through the transaction, J2L acquired 100% of the shares in Rehobot AB, parent company of Rehobot Hydraulics AB and Simson Power Tools AB.
Rehobot Hydraulics, based in Eskilstuna, Sweden, develops, manufactures, and sells innovative products and systems within high-pressure hydraulics for use in service and maintenance applications. The company, which is the market leader in the Nordics, export their products worldwide with sales in around 50 countries. Rehobot Hydraulics dates back to 1924 and since then it has offered products and solutions that include high-pressure hydraulic pumps, cylinders, tools and rescue equipment. Rehobot Hydraulics has, through sister companies, own sales offices and warehouses in the US and UK.
The company group also includes Simson Power Tools, based in Hofors, Sweden, who initiated the development of their own hydraulic jacks in the middle of the 1950s. In the decades since then, much has changed, although the principles remain the same: combining great power with good design and high quality. Simson Power Tools has, through a sister company, its own sales office and warehouse in Germany.
J2L is a family-owned investment company that is a long-term owner with the aim to develop small to medium-sized companies with a focus on industrial and commercial companies.
Morris Law acted as legal advisor to Obadja AB during the sales process.