Nordic M&A News
February 27, 2018

- Denmark -

Danish Crown is open to acquisitions worth DKK 4-5 billion (Finans)

The Board at Danish Crown has committed DKK 4-5bn for acquisitions until 2021. The Danish food processing company wants to accelerate the growth by acquiring companies within Poland, Sweden, UK, and Denmark. Two weeks ago, Danish Crown, acquired a Polish food company with 280 shops and a turnover of DKK 1bn, and according to the CEO, we can expect more of these acquisitions within the following years. 

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Peakon receives a capital injection of DKK 130m (Borsen)

The Danish IT solutions company, Peakon, has received a capital injection of DKK 130m, primarily from Balderton. Peakon aims to become a global market leader and the new capital will help them to grow in the US. Peakon was established 3 years ago and has received capital from EQT, Idinvest, and Sunstone as well. Director and Founder of the company expect the revenue to triple in 2018, and estimates the revenue to be above DKK 1bn in 4-5 years. 

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- Sweden -

Lundin Gold announces a US$400m private placement in Newcrest Mining  (Dagens Industri)

Lundin Gold has announced a US$400m equity private placement financing with the Australian gold company, Newcrest Mining. Thanks to the deal, they have now secured funding to build a US$1bn gold mine in Ecuador. 

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- Norway -

Norsk Hydro makes a US$345m offer for Rio Tinto (Hegnar)

The Norwegian based aluminum giant, Norsk Hydro, has made a binding bid for 100 percent of Rio Tinto. The rationale is to strengthen the company's leading position and increase production made using renewable energy. The offer also includes Rio Tinto's 53 percent share in Aluminium & Chemie Rotterdam BV and 50 percent of the shares in Alufluor AB. 

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Link Mobility makes new acquisition (Hegnar)

Link Mobility and Allterco has agreed upon Link Mobility acquiring the Teracomm Companies, being Tera Communications AD, Teravoice EAD, Allterpay EOOD, Teracomm RO SRL and Tera Communications DOOEL, which are currently owned by Allterco. The Teracomm Companies are among the leading providers of mobile services in Southern Europe and the acquisition has a value of Euro 8.8bn. 

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- Finland -

HKScan launches Joint Venture in China (Arvopaperi)

HKScan has announced to launch a joint venture in China, selling premium-category Finnish pork products to Chinese consumers. The joint venture is between the Finnish food manufacturer, HKScan, and the Chinese food company, Zhejiang Qinglian Food Co. Ltd. which target a sales volume in China to 3 million kg of pork the first year and they expect to triple its volume by 2020. 

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Prepared by Morten Loft Sørensen