Nordic M&A News
July 9, 2018

- Denmark -

Equinor acquires Danske Commodities (Borsen)

Equinor (former Statoil) has agreed to acquire Danske Commodities, a Danish energy trading firm for 400M EUR. Last year revenue was at 5.47B EUR up 65 percent compared to the year before and profits before tax were at 60M EUR, also up by 79 percent. Henrik Lind, the founder and owner will be staying on as CEO for at least a year. 

Gram Equipment posting a major loss after being acquired (Borsen)

FSN Capital acquired Gram Equipment in December 2017 from Procuritas but is now suing the old owner after an unexpected loss. Gram Equipment posted an EBITDA loss of 90M DKK for last year, which is in contrast to the expected profit of 75M DKK. FSN Capital believes they were misled when they were acquiring the company, but Procuritas denies any wrongdoing. 

- Sweden -

FTZ and Inter-Team acquired by Mekonomen (Dagens Industri)

FTZ, a Danish firm specialized in spare parts for cars and Inter-Team another Polish distributor of spare parts, have been acquired by Mekonomen for 395M EUR. FTZ and Inter-Team had a total revenue of 5.2B SEK last year and 417M SEK in EBITDA. The purchase will be partly financed by issuing new shares.

Regularity Group acquires Digital Aktiebok from UC (Realtid)

Regularity Group acquires Digital Aktiebok from UC, a Swedish credit reporting company. Specific details regarding the acquisition were not disclosed, including the price. Regularity Group consists of a portfolio of companies including Nordisk Værdipapirregister, Svenska Aktieboken, Free ShareBook and more.

- Norway -

Kongsberg Group acquires Rolls-Royce Commercial Marine (e24.no)

Kongsberg Group acquires Rolls-Royce Commercial Marine for 5.3B NOK. The acquisition makes Kongsberg Group a more comprehensive supplier to the maritime sector. The Norwegian government owns 50.001 percent of the shares in Kongsberg Group and will continue to hold a majority share in the company after the acquisition.

Prepared by Kent Dalstrup