Nordic M&A News
July 10, 2018

- Denmark -

EQT acquires Saxo Payments Banking Cirkel (Press Release)

EQT acquires the company from Saxo Bank A/S and other minority owners. According to Saxo Bank, Saxo Payments is valued at DKK 2bn and Saxo Payments reported a turnover of DKK 62m last year. Banking Circle is a next-generation provider of mission-critical infrastructure for online cross-border payments, where customers are using direct clearing access through partnerships with blue-chip partner banks. 

EET Europarts acquires JANIPOS (Computerworld)

EET Europarts has made their third strategic acquisition this year, as they have just acquired JANIPOS which has a strong position in Southern Europe. In the recent years, the company has completed some with very successful acquisitions which is part of their core strategy, and one of the reasons as to why they today operates in 25 countries.

- Sweden - 

Hemfosa acquires a SEK 3.6bn property portfolio (Realtid)

The new acquisition consists of a property portfolio with 51 properties totaling approx. 460,000 square meters with gross rental income of SEK 318m. The properties are located in 17 cities, mainly in central and southern Sweden. Among the tenants are companies as Speed Logistics, DHL Nordic, Haldex Brake Products and PostNord Sweden with an average contract period of 3.4 years. 

Engelska skolan acquires the remaining shares of IEP (Realtid)

The remaining shares have been bought from the Monzonis family, at an expected price of EUR 12m. Currently, IEP owns 99.55 percent of the shares of English School of Asturias together with 100 percent of Grupo Educativo Elians three school companies in Spain. 

- Norway -

Adelis acquires Didriksons (E24)

Adelis Equity has agreed with Herkules to acquire their shares of the raincoat manufacturer Didriksons. Didriksons has reported a high growth in their sales and reported sales of NOK 500m, last year. Didriksons was founded in 1913 as a family business that produced work clothes for fishermen. Today, the company is one of the leading brands in the Nordic countries and the brand is sold in more than 19 countries, and e-commerce accounts for approx. on third of the sales.

- Finland -

Oras Group acquires the Swiss Amphiron (Cision)

Oras Group, a manufacturer of water equipment, invests in digitalization by acquiring the Swiss technology startup Amphiros. Oras has long been the forerunner of bathroom digitalization, and the Managing Director says that they believe digital solutions will strike water suppliers in the next few years, and therefore, he wants to continue to take the lead in this development. 

       

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Prepared by Morten Loft Sørensen