Nordic M&A News
July 4, 2018

- Denmark -

Colliers International acquires Sadolin - A market leader in DK (Borsen

Leading global commercial real estate services firm Colliers International Group Inc. has acquired a controlling interest in Sadolin & Albæk (Sadolin), Denmark’s leading capital markets specialist, which will be merged with Colliers International’s current operations in Denmark. Combined, the new Colliers Denmark will have a total of 150 professionals. Sadolin & Albæk reported a gross profit of DKK 108m and EBIT of DKK 74m in 2017. According to Borsen is the enterprise value of Sadolin approx. DKK 450m. 

- Sweden -

EQT to acquire leading open source software provider SUSE (Press Release)

The EQT has agreed to acquire SUSE, a leading global provider of open source infrastructure software for large enterprises, from the global infrastructure software business Micro Focus International plc for an enterprise value of USD 2.5bn. SUSE had sales of USD 320m in 2017 and has approximately 1,400 employees worldwide.

Mölnlycke acquires wound care company SastoMed GmbH (Press Release)

The world-leading medical solutions company, Mölnlycke, has acquired German wound care products company, SastoMed GmbH. SastoMed GmbH joins Mölnlycke, bringing two innovative and complementary products to Mölnlycke’s wound care portfolio: Granulox and Granudacyn.

Nordea to acquire Gjensidige Bank (Press Release)

Nordea has entered into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The agreement also includes a long-term strategic mutual distribution cooperation with Gjensidige in Norway. Nordea will acquire Gjensidige Bank for an estimated cash consideration of EUR 578m. The acquisition adds 176.000 customers with EUR 4,840m customer assets.

KPMG Sweden sells accounting division to IK Investment Partners (Realtid)

PE firm IK Investment Partners has reached an agreement with KPMG Sweden to acquire its division for accounting, payroll and related advisory services (Business Accounting Services). In February 2018, IK announced the acquisition of Aspia, which operated as a separate division within PwC, supporting over 27,000 small and medium-sized enterprises. The plan is to integrate Aspia and Business Accounting Services. Together, the two businesses had a turnover of more than SEK 1.25bn in 2017.

Trelleborg acquires American Lamcotec (Realtid)

Trelleborg has, through its Trelleborg Coated Systems business area finalized the acquisition of U.S. based Lamcotec. Lamcotec develops and manufactures polyurethane-coated and laminated fabrics primarily used in the aerospace industry and in the healthcare and medical industry. The acquired company’s sales in 2017 amounted to approximately SEK 185m. The Trelleborg Group has annual sales of about SEK 32bn and operations in about 50 countries

Sandvik acquires Inrock - a leader in rock drilling tools (Press Release)

Sandvik acquires privately-owned Inrock, a leading supplier of rock drilling tools and services for Horizontal Directional Drilling (HDD) in North America. In 2017 Inrock had revenues of USD 46m and 70 employees. Impact on earnings per share will initially be neutral to slightly positive. Parties have agreed not to disclose the purchase price. 

- Norway -

Norway's Link Mobility agrees to public takeover bid (DN)

Private equity firm Abry Partners has agreed to take private Nordic telecommunications group Link Mobility in a deal that values the firm at approximately NOK 3.4bn Link Mobility is one of Europe’s leading mobile communication providers, specializing in mobile messaging services, mobile solutions and mobile intelligence. Link Mobility’s revenues amounted to NOK 1.3bn with an EBIT of NOK 98.3m in 2017.

- Finland -

Viking Acquisitions Corp. has submitted an offer to Tecnotree (Cision)

The offer relates to a divestment of assets of the company to Viking and does not include a cash offer for the shares in the company. The offer is preliminary and non-binding. Tecnotree is a global provider of IT solutions for the management of services, products, customers and revenue for Communications Service Providers.

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Prepared by Emil Tange Ohlsen