Nordic M&A News
April 25, 2018

- Denmark -

Trackunit completes acquisition of Satrak (Evertiq)

GRO Capital’s portfolio company Trackunit A/S completes acquisition of UK based telematics provider Satrak UK Ltd. Trackunit’s acquisition of Satrak makes Trackunit the leading machine telematics provider in the UK and further strengthens Trackunit’s position in Europe within the machine telematics market. The investment is the second European acquisition made by Trackunit in the last two years.

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- Sweden -

Finnish Asiakastieto to acquire UC AB from Nordic banks (Realtid)

Finnish credit information company Asiakastieto has entered an agreement with the four major Swedish banks Handelsbanken, Nordea, Swedbank and SEB to acquire the credit reference agency UC for EUR 340m. The Nordic banks will post-deal own 37 percent of the combined company while owners of Asiakastieto will hold 63 percent.

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H&H Group acquires Identx (Realtid)

The trademark and public relations agency Identx has been acquired by H&H Group. Identx has a turnover of approximately SEK 20m and has 15 employees."Our idea of H&H Group is to be long-term and committed owners of successful communication companies," says Martin Petersson, CEO of H&H Group.

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Ratos AB's HENT divests residential development operations (Realtid)

Ratos's subsidiary HENT has signed an agreement to sell its residential development operations, HENT Eiendomsinvest, to Fredensborg Bolig. The sale will generate a capital gain of approximately NOK 85m. The agreement includes a potential additional purchase consideration if Fredensborg Bolig decides to utilize an option linked to the expansion of a project outside Oslo.

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Sandvik looking for acquisitions after strong Q1 performance

The engineering group Sandvik reports a record high EBIT of SEK 4,018m for the first quarter of 2018. “I expect that we will make a couple of acquisitions before the end of the year," says Björn Rosengren, CEO at Sandvik.

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- Norway -

Lingit Acquires Claro Software (Adressa)

Verdane Capital IX’s Norwegian portfolio company Lingit AS, which provides software that offers multilingual literacy support for dyslexics and others with reading and writing difficulties, makes its first international move through the acquisition of its British peer Claro Software.

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- Finland -

Exel acquires US based Diversified Structural Composites (lansi Savo)

Exel Composites has signed an agreement to purchase 100 percent of the shares in US-based Diversified Structural Composites (DSC) from Teijin Carbon America, a subsidiary of global carbon fiber manufacturer Teijin. The total estimated net debt-free purchase price is approximately USD 10m.

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Ahlstrom-Munksjo to acquire paper mill in Brazil (Good News Finland)

Finnish company Ahlstrom-Munksjo has agreed to acquire MD Papéis’ Caieiras specialty paper mill in Brazil from Formitex Group. Annual net sales of the mill to be acquired is approximately EUR 80m, and the debt-free purchase price approximately EUR 100m.

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Prepared by Emil Tange Ohlsen