EQT Weighs Sale of €1 Billion Industrial Tech Firm Ellab

EQT AB is exploring a sale of Ellab that could value the industrial technology company at about €1 billion ($1.1 billion), people with knowledge of the matter said.

The Swedish investment firm is working with Morgan Stanley on the possible disposal, according to the people, who asked not to be identified discussing confidential information. Ellab is likely to draw interest from private equity firms and EQT has received some preliminary expressions of interest, they said.