Nordic M&A News
March 6, 2018

- Denmark -

Zitcom acquires Surftown (Ritzau)

Danish-based Zitcom, currently owned by Waterland, has acquired Surftown, one of the leading web hosting, domains, and web design companies in both Denmark and Sweden. With the acquisition of Surftown, Zitcom consolidates its leading position in Denmark, and at the same time achieves a strong position in Sweden.

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ATP and OTPP acquires the majority of Copenhagens Airports (Finans)

The Danish Pension fund ATP has acquired Macquarie's shares in Københavns Lufthavne A/S. Together with the Canadian Ontario Teachers' Pension Plan (OTPP), ATP now owns 57.7 percent of the total shares, while the Danish government owns 39.2 percent of the airport. Currently, the remaining 3.1 percents are public traded on the Danish stock exchange, but following the recent transaction ATP and OTPP are obliged to make a purchase offer as they together have achieved a controlling influence in the company. From the latest stock exchange announcement, it appears that the offer will be around DKK 5700 per stock. 

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- Sweden -

Telia sells its stake in Azercell (Dagens Industri)

Nordic telecom operator Telia has sold its 51.3 percent stake in the Azerbaijan mobile operator Azercell, which it co-owned with Turkcell. Azerbaijan International Telecom LLC, which is owned by the Republic of Azerbaijan has bought the total amount of shares in Azercell from Turkcell and Fintur Holdings for EUR 222m. Telia currently has a 58.55 percent ownership in Fintur Holdings. 

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- Norway -

Longship has acquired 100 percent of the Nofitech shares (Intrafish)

The Norwegian investment fund, Longship, has acquired the RAS supplier Nofitech. In 2017, Nofitech has experienced high growth and to remain the most cost-efficient supplier and to grow market share, the company has received new owners, planning to put another couple of million Norwegian kroner into the company for acquiring more companies in this industry.  

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Aritech acquires Grov Elektro (Sunnhordland)

Aritech has been used to be a consultant and engineering company for technical facilities with between 10-20 employees. After two major acquisitions, the company now has 60 employees and has become a large supplier of ventilation systems in Sunnhoird, with a project team in the field of electrical engineering. The most recent acquisition was announced yesterday, which was the acquisition of Grov Elektro which is an electrical engineering company with 30 employees and a turnover of around NOK 45m. 

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- Finland -

No news to report


Prepared by Morten Loft Sørensen