Nordic M&A News
May 9, 2018

- Denmark -

Habasit Group acquires the majority stake in NGI Holding A/S (Cision) 

Habasit Group announces its acquisition of a majority stake in NGI Holding A/S from Adelis Equity Partners Fund I AB. The price is undisclosed. Andrea Volpi, CEO of Habasit stated “By being part of the Habasit’s global network, NGI will be able to expand market coverage and product portfolio at an accelerated rate.” NGI A/S is an innovative niche industrial company that manufactures machine feet and stabilization components for production equipment.

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Danish IT firm Netcompany looking to IPO in June 2018 (Borsen)

FSN Capital’s portfolio company, Netcompany is looking to IPO next month. Netcompany’s sales grew 57% in 2017 to a total of DKK 1.4bn while the operating profit rose 73% to DKK 369m. According to Børsen's information, Netcompany will enter NASDAQ OMX København at a value of at least DKK 5bn. “The plan is to continue to grow 20-25% annually going forward” stated CEO, André Rogaczewski.

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- Sweden -

AQ Group acquires B3CG Interconnect (Dagens Industri)

AQ Group AB has signed an agreement to acquire 100% of the shares of B3CG Interconnect Inc. and its affiliate B3CG Interconnect USA Inc. The purchase price is SEK 92m plus an earnout over two years with a maximum of SEK 41m. B3CG is a leading supplier of complex electrical harnesses, high voltage cables, and electromechanical assemblies for various industries. B3CG interconnect had total net sales of SEK 238m in the recent financial year.

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Indutrade acquires British Medtech company (Vafinans)

Swedish Indutrade has signed an agreement to acquire all of the shares in the British company Precision Parts UK Ltd. Precision UK Ltd is a manufacturer and supplier of medical gas pipeline equipment. The company is a significant supplier in the British market and exports its products to over 50 countries worldwide. Precision UK Ltd has about 40 employees and reported net sales of approximately GBP 11m in 2017. The price is undisclosed.

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- Norway -

No news to report 

 

- Finland -

QMG expands and acquires a 90% stake in Kokkola LVIS Service (Cision) 

Quattro Mikenti Group (QMG) becomes the main shareholder in Kokkola's LVIS-Palvelu Oy, a leading contractor and maintenance company in the Central Ostrobothnia region. The acquired company currently employs 22 building engineers and sales amounted to approximately EUR 5.9m in 2017. QMX is one of Finland's largest and most international companies in the building and construction industry and reported net sales of approximately EUR 128m in 2017. 

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Prepared by Emil Tange Ohlsen