Nordic M&A News
May 17, 2018

- Denmark -

EQT benefits from the merger between Widex and Sivantos (Borsen)

Behind the planned merger between the two hearing aid giants Widex and Sivantos, the family dynasties of the Widex, Tøpholm and Westermann families have channeled a billion to the new company. This is done to ensure that the families achieve an equal level of power with the EQT capital fund, which owns Sivantos. The planned merger will create the world's third largest manufacturer of hearing aids, following Danish William Demant and Swiss Sonova. The joint company is valued at DKK 52bn and will have an annual turnover of DKK 10bn.

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- Sweden -

Candidate DGC acquires Alliero Services AB (Cision)

Candidate DGC has acquired Alliero Services AB in Helsingborg, which provides IT services and IT consulting with the help of high competence and high level of service. Alliero's office in Helsingborg will be an integral part of Candidator DGC, which has offices in Malmö. The acquisition is a strategic complement in the Southern Region, where Candidator DGC can now further strengthen its position. Customers in Helsingborg now have access to a significantly broader service portfolio in combination with a customer-oriented service organization. 

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Securitas acquires Prevendo (Cision)

The acquisition of the surveillance company, Prevendo, is part of Securitas' growth strategy, aiming to grow organically and through acquisitions, locating companies in traditional surveillance, technology, alarm and fire and emergency services to take over their employees and customers with increased stability and strength in the area. "Through Securitas' well-established roundabout and emergency operations, we have a great opportunity to quickly increase service presence in the area, and I am very pleased with this opportunity" says Conny Söderström, CEO of Prevendo.

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- Norway -

No news to report

 

- Finland -

Citycon divests shopping center Heiane Storsenter in Norway (Cision)

Citycon has signed an agreement to sell its shopping center in Stord, Norway, for approximately EUR 24m to Midgard Gruppen AS. "This divestment follows Citycon's strategy of focusing on urban grocery shopping malls in the Nordic countries. We use the proceeds from divestments for development and expansion projects as well as for strengthening the balance sheet" says Tom Lisiecki, Citycon's Property Development Director.

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Prepared by Oliver Jacobsen