Nordic M&A News
September 17, 2018

- Denmark -

Catacap is considering an IPO of GSV Materieludlejning (Borsen)

Last year, Catacap unsuccessfully tried to sell GSV Materieludlejning even though there were several interested buyers. Current CEO and co-owner of the company tells to Borsen that they are considering an IPO, and therefore, they have started to change their internal processes to prepare for a possible IPO. GSV Materieludlejning rents out scaffolds, lifts and other industrial machines, and reported revenue of DKK 884m and EBITDA of DKK 280m in 2017.

- Sweden -

H&H Group acquires BB Communications (Realtid)

The main owners of BB Communications, Joachim Berntzon, and Hans Bylund become partners in H&H Group as part of the deal. BB Communications consists of four collaborating agencies; the advertising agency BerntzonBylund, PR agency Mindmakers, social media agency Socialminds and the event agency Wonderland.

Addnote Group acquires British Cadassist (Realtid)

The IT company Addnode Group acquires the software company Cadassist, which has 23 employees in its offices in Manchester, England and reported turnover of approx. SEK 110m last year. The acquisition is in line with Addnode's strategy to become an international market leader in software and services for design and engineering operations.

- Norway -

Hydro cancels acquisition of the Rio Tinto plant ISAL (Hegnar)

Hydro and Rio Tinto have entered into an agreement to terminate the acquisition process of the Icelandic Aluminum plant ISAL. Back in February, Hydro announced a binding bid of USD 345m for 100 percent of Rio Tinto's stake in the Icelandic aluminum plant Rio Tinto Iceland Ltd (ISAL).

Seadrill is open to acquisitions (Hegnar)

Anton Dibowitz, CEO of Seadrill, says to TDN Direkt that they are open for new acquisitions if the right opportunities arise, and notes that it is no necessity.  

- Finland -

Infosys acquires Finnish-based consultancy Fluido (Kauppalehti)

Infosys has announced that it has agreed to acquire Fluido, a Salesforce consulting partner in the Nordics for EUR 65m. With the acquisition Infosys is boosting its cloud business. Fluido has offices in Finland, Denmark, Sweden, Norway, and Slovakia, and is currently owned by its management and CapMan private Equity, while Salesforce's venture arm owns a minority stake in the company.


Prepared by Morten Loft Sørensen