Nordic M&A News
October 3, 2018

- Denmark -

Danish NEPCon becomes world leading after acquisition (Newsbreak)

NEPCon has acquired its American competitor RA Cert. RA Cert is the certification business unit of Rainforest Alliance. NEPCon is a environmental organization and is now world leading in sustainable certification of forestry and agriculture. NEPCon is backed by The Danish Green Investment Fund. The price is undisclosed.

Business Angel Matching Fund doubles its capital (Borsen)

The Danish Business Angel Matching Fund has doubled its capital with a new capital raise of DKK 800m. DKK 400m will come from Vækstfonden and the European Investment Fund (EIF) and the rest will come from danish business angels.

Roblon is looking into Asian acquisition (Metal supply)

The listed company Roblon has intention to acquire a Chinese company. In April Roblon acquired the American company Neptco and the Chinese acquisition should be similar. The acquisitions are fully aligned with company strategy of meeting clients locally.

- Sweden -

Electrolux acquires SPM Drink Systems in Italy (Press release)

Electrolux has acquired the Italian manufacturer SPM Drink Systems. SPM Drink Systems manufacturers equipment for preparing frozen and hot drinks and soft ice-cream. The acquisition is a step further into the hospitality business for Electrolux after they acquired American Grindmaster-Cecilware in 2017. Price is undisclosed.  

Pandox acquires Radisson Blu Glasgow for SEK 455m (Aktiespararna)

Pandox is a leading hotel property owner in Northern Europe. Pandox has now acquired the Radisson Blu Glasgow Hotel for SEK 455m financed by new bank loans and credit facilities. The hotel is expected to generate SEK 150m in sales and SEK 20m in cash earnings.

Accenture acquires creative agency The World Loves (Resumé)

Following acquisitions of Fjord and e-commerce specialist Brightstep Accenture continues on the same track by acquiring The World Loves. The World Loves offers different kinds of communication services and had worked with SEB, Swish and Svenska Spel. The World Loves will become a part of Accenture Interactive.

- Norway -

Stansefabrik acquires business area from DEFA AS (Metal supply)

Stansefabrik Products AS has acquired the business area Multi, Base and Duo from DEFA AS. The business area covers Power outlets for parking, camping and marinas. Stansefabrik Products is a subsidiary of STAFA Industrier which focuses on service and products from sheet metal.

Statkraft acquires wind power company in Ireland (TU)

The government owned company Statkraft has acquired the Irish company Element Power Group. Statkraft takes over Element Power Ireland Ltd and three British project companies. Statkraft is Europe’s largest producer of renewable energy and in 2025 they will own 6,000 MW of wind power and 2,000 MW of solar energy.


- Finland -

Terveystalo acquires Fysiatrinen osaamiskeskus Prima (Press release)

Terveystalo continues to expand their well-being segment. After yesterday’s announcement of acquiring a massage company, Terveystalo has today announced an acquisition of a physiotherapy service company. The acquired company will be a part of the well-being segment inside Terveystalo.

Fennia acquires Folksam Non-Life Insurance for EUR 100m (Press release)

Fennia Mutual Insurance Company has acquired all shares in Folksam Non-Life Insurance Ltd. The sellers are Aktia Bank (10 %), Folksam Sak (75 %) and Veritas (15 %). The acquisition costs is approx. EUR 100 m. In the same deal, Aktia signed a letter of intent with Fennia to pursue cooperative activities within Non-Life insurance.

 

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Prepared by Anton Søeberg