Nordic M&A News
March 28, 2018

- Denmark -

FirstFarms expands portfolio and acquires Tjekkiet Invest (Berlingske)

FirstFarms A/S has yesterday entered a conditional agreement about the purchase of Tjekkiet Invest A/S. Tjekkiet Invest A/S owns 100 percent of the Czech company, Granero Vlasatice s.r.o., which includes both crop and pig production in the Czech Republic. The purchase price is agreed to DKK 59.7M for 100 percent of the share capital.

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Symphogen getting closer to IPO decision (Borsen)

The Danish biotech company Symphogen, which needs more than a billion DKK in new capital, will soon decide whether a listing should take place in Copenhagen in the fall of 2018. According to Bloomberg Markets, a potential IPO could value the company at as much as DKK 6.2b but also states that the final valuation could change depending on investor demand.  

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- Sweden -

NIBE acquires Alfa Laval’s business for district heating/cooling (Nordnet)

NIBE Industries AB acquires Alfa Laval business for district heating/cooling systems and hot water systems for commercial use. The products were previously sold under the well-known Cetetherm and Uranus brands which now will be used again. The business division acquired has around 60 employees and revenues were approximately SEK 300m in 2017. 

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Latour divests Kabona to Nordomatic AB (Realtid)

Investment AB Latour has, through its subsidiary Latour Industries, divested Kabona AB to Nordomatic AB, the largest independent system integrator within building automation in the Nordic region. Kabona AB was divided into two separate companies in 2017, where Ecopilot AB took over the product ownership of the Ecopilot product concept. Kabona AB has subsequently streamlined its operation to focus on energy efficiency projects in building automation. 

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- Norway -

Veidekke acquires Billström Riemer Andersson AB (Dagens Naeringsliv)

Norway’s largest construction company Veidekke has entered into an agreement to acquire 90.1% of the shares of Swedish Billström Riemer Andersson AB (BRA). BRA had revenues of SEK 1.4b last year and currently has around 200 employees. BRA is mainly involved in the construction sector but also has expertise in civil engineering and property development.

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- Finland -

No news to report

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Prepared by Emil Tange Ohlsen