- Denmark -
Maersk rival Orient Overseas Container Line (OOCL) looking for acquisitions in Europe (Borsen)
Chinese shipping company Cosco, acquired competitor Orient Overseas Container Line (OOCL) for USD 6.3b at the end of 2017. The merged companies are now looking for equity investments and acquisitions of port and terminal activities in Europe, Asia, Middle East and some other growth markets. Chairman of the board, Xu Lirong expresses belief that consolidation in the industry will continue.
- Sweden -
Leab Group expands and acquires Swedish Spocs (Evertiq)
Electronics manufacturer Leab Group has signed an agreement to acquire Swedish Spocs, a company that assembles and tests electronic products. "We are very proud to present Spocs AB as an acquisition to Leab Group, an interesting acquisition that will be a strong complement to our other factories. " Leab writes in a press release. Spocs AB's had a turnover of SEK 61m in 2017 and will be consolidated in Leab Groups’ Systems Solutions division.
Ubisoft Entertainment acquires Blue Mammoth Games (Breakit)
Ubisoft has acquired Blue Mammoth Games, the French publisher's second studio acquisition this week. With the acquisition, Ubisoft adds Brawlhalla, currently the most played fighting game on Steam, to its portfolio and bolsters its online expertise. "The team at Blue Mammoth Games are experts in developing and running scalable, competitive, multiplayer online games, and they'll be a great addition to Ubisoft's network of studios," said Laurent Detoc, President of Ubisoft
- Norway -
Lofoten Sparebank and Harstad Sparebank are considering a merge (BLV)
The boards of Lofoten Sparebank and Harstad Sparebank have decided to initiate talks regarding a possible merger of the two banks. The goal is to strengthen the banks’ local competitiveness, profitability and further strengthen the banks' ability to contribute to the development of their communities, according to a press release.
- Finland -
Sauna manufacturer Harvia to go public on Helsinki Stock exchange (Yle Uutiset)
Finnish sauna and spa manufacturer Harvia recently announced IPO plans and aims to raise EUR 45m in new capital. The company is currently majority-owned by PE firm CapMan, who invested in Harvia in 2014 and holds a 70% stake. Once listed, both current and new Harvia shares will be for sale. Following the public offering, investor Capman will remain a significant shareholder in the company. In 2017, Harvia reported revenues of EUR 60m and a profit of EUR 9.3m.