Nordic M&A News
June 27, 2018

- Denmark -

Orsted aims to divest Danish power distribution business (Borsen)

In a bid to become a global clean energy supplier, Orsted shifts its focus to renewable energy. The Danish utility and offshore wind farm developer is looking to sell its power distribution and residential customer businesses. According to Sydbank, the divestment will generate DKK 8-13bn. A potential divestment decision will be made before the first half of 2019.

Polaris to sell Louis Poulsen to Italian PE fund Investindustrial (Business)

Danish architectural lighting supplier Louis Poulsen has been acquired by Italian Investindustrial after having belonged to Polaris since 2014. The price is undisclosed, but according to Berlingske Business, the deal is valued at approximately DKK 1.5bn. Louis Poulsen had a DKK 800m turnover in the recent financial year. 

- Sweden -

Arlington Capital Partners has sold Zemax to EQT (Press Release)

Arlington Capital Partners and EQT today announced that EQT has acquired Zemax Software Holdings, a leading global provider of optical and illumination design software, from Arlington Capital. The Company will continue to be led by current CEO Mark Nicholson. Zemax is headquartered in Washington with over 80 employees and operations in the US, Europe and Asia. The purchasing price is undisclosed.

Cramo strengthens position by acquiring Nordic Modular Group (Realtid)

Cramo strengthens its position in the Nordic modular space market and expands its business model to include in-house development and production of modular solutions by signing an agreement to acquire the Swedish based Nordic Modular Group Holding AB from Strukturfonden, a subsidiary of Nalka Invest AB, and certain minority shareholders. The enterprise value of the transaction will be approximately SEK 2.725bn.

Cosel announces acquisition of Swedish The Powerbox Group (Cision

Japanese Cosel announced that it has acquired The Powerbox Group. The Powerbox Group and its subsidiaries employ 120 people, with a consolidated turnover of more than EUR 40m throughout 15 countries. With design centers in Sweden (HQ), Germany and Netherlands as well as offices throughout Europe, USA, China and Australia, they specialize in the design and manufacturing of standard, semi-standard and full custom power supplies throughout the industrial, medical, transportation and defense sectors. 

- Norway -

NSB to invest in app company Go Mobile (E24)

In the competition against the private car, NSB will offer more than just train and bus routes. As part of their commitment to door-to-door travel solutions, the Group is now investing in the Kristiansand-based app company Go Mobile. The NSB Group acquires 26.3% of the shares in the company best known for their Mivai app, which offers a marketplace for taxis.

Norway to sell its remaining shares in SAS airline (Business)

Norway has launched a sale of its remaining 9.88 percent stake in Scandinavian airline SAS, the country’s ministry of trade and industry said on Tuesday. The Norwegian state has gradually reduced its stake in SAS, and the latest sale of 37.8 million shares would complete its exit from the Sweden-headquartered airline. Norway appointed Nordea, Pareto and UBS as joint global coordinators for the transaction.

- Finland -

Fortum closes Public Takeover Offer on Uniper (Cision)

Fortum has settled a public takeover offer for the outstanding shares of Uniper SE. In the PTO, Fortum acquired altogether 172,439,375 shares. Fortum paid a total consideration of EUR 3.7bn for all shares tendered. This corresponds to 47.12% (E.ON's stake 46.65%) of the share capital and the voting rights of Uniper SE. Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. 

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Prepared by Emil Tange Ohlsen