- Denmark -
DSV is having problems following through with acquisition plans (Borsen)
Shipping Company DSV’s CEO, Jens Bjørn Andersen was recently able to present the best Q2 financial report in the company’s history. However, he also explains that the acquisitions plans announced earlier this year will be hard to follow through with. He explains: “It’s not only high prices in the market, that is a problem. The problem is the more unwillingness of the potential target companies to be sold and consolidated in the industry.”
- Sweden -
Sandvik Acquires the US-based Custom Electric Manufacturing (Realtid)
Swedish engineering group, Sandvik acquires privately owned Custom Electric Manufacturing Co., headquartered in Michigan, USA. The company is a leading manufacturer of original equipment and replacement heating elements on the North American market. In 2017, the company had revenues of USD 5.2m, approximately 20 employees and a strong sales network in North America. Custom Electric Manufacturing will continue to go to market under its own brand.
Atlas Copco to acquire machine vision solutions provider (Marketinsider)
Atlas Copco, a leading provider of sustainable productivity solutions, has acquired German QUISS Qualitäts-Inspektionssysteme und Service AG. The company specializes in machine vision solutions for quality inspection and robot guidance and is mainly used in the automotive industry. Quiss is based near Munich in Germany. The company had revenues of approximately EUR 8.4m in 2017 and 45 employees. Atlas Copco (excluding Epiroc AB) has annual revenues of EUR 9bn and about 34 000 employees.
- Norway -
Aker BP acquires license portfolio from Total (e24)
Aker BP has entered into an agreement with Total E&P Norway to acquire its interests in a portfolio of 11 licenses on the Norwegian Continental Shelf for a cash consideration of USD 205m. The portfolio includes four discoveries with net recoverable resources of 83 million barrels of oil equivalents, based on estimates from the Norwegian Petroleum Directorate.
- Finland -
No news to report