- Denmark -
Consilium establishes a Market Company in Denmark (Press release)
The Swedish safety company Consilium acquires 50% of LAP Sikkerhed ApS in Roskilde, Denmark. LAP Sikkerhed has been Consilium’s agent and partner for sales of fire alarms in Denmark for more than 20 years. The new joint company will work as a unified part of the Consilium group.
- Sweden -
Midsona acquires Davert, a leader in the German organic food market (Dagens Industri)
Following Midsona’s successful consolidation within the Nordic market for organic dry products, the company acquires 100% of Davert for the price of EUR 48.5M. Davert has approximately 150 employees, all of which are located at its facility in Ascheberg, Germany and Sales in 2017 were EUR 64 million. The acquired company will continue to operate as a separate entity.
- Norway -
Oceanwood acquires Norske Skog (Dagens Naeringsliv)
Oceanwood is the new owner of Norske Skog, according to a press release. The UK Hedge Fund has entered into a share purchase agreement for the purchase of all shares in Norske Skog. The listed Norske Skogindustrier announced a potential divestment of Norske Skog just before Christmas in 2017, after struggling to avoid bankruptcy for about a year.
Futurice expands into Norway (GoodNewsFinland)
Finnish technology company Futurice is opening a new office in the Norwegian capital, Oslo. Futurice has around 500 employees and, in addition to Norway, has offices in Finland, Sweden, Germany andthe UK. The company has been growing profitably for the past 14 years, and its clients include Telia, Fortum, Kesko, BMW, E.ON, and Plan International.
- Finland -
Taika Company accelerates SolunoBC into Finland (GoodNewsFinland)
Finnish cloud-based communications startup Taika Company has been acquired by SolunoBC, as the Swedish company aims to hit the ground running in Finland. The fast-growing Swedish cloud-based company, Soluno Business Communications, is purchasing Taika’s customer stock, Mitel Platform andinfrastructure, while taking over operation of the cloud services.
Chinese tissue giant acquires stake in Finnpulp (GoodNewsFinland)
Hengan International, the largest manufacturer of sanitary napkins in China, has invested EUR 11.7M in Finnpulp, a company preparing a major greenfield softwood pulp mill investment in Kuopio, Finland. The investment entitles it to a 36.5% stake in Finnpulp, as well as an option to raise the stake to 49%.