Nordic M&A News
August 16, 2018

- Denmark -

No news to report 

- Sweden -

Kinnevik invests SEK 300m in Kolonial.no AS (Realtid)

With the investment, Kinnevik owns 15 percent of the Norwegian grocery company. Kolonial.no was founded in 2013 and offers food to about 40 percent of Norwegian households, which is expected to continue increasing over time according to the press release. In 2017, Kolonial.no increased its revenues by 88 percent to approx. SEK 800m.  

Acando acquires business intelligence company September BI (Realtid)

September BI is one of Norway's leading company in Business Intelligence for Retail and Supply Chain management, and has significant customers including XXL, Intersport, G-Sport, Nille, and Vita. September BI consists of approx. 20 senior consultants with expertise in relevant technologies.  

Addnode Group acquires Landborgen (Realtid)

Addnode is acquiring the software company Landborgen, and thereby strengthening its position as a leading provider of Issue Tracking Systems. Landborgen reported turnover of approx. SEK 10m and has about 20 years of experience with Issue tracking solutions. The financials of the deal have not been disclosed.  

- Norway -

NRC Group to acquire NSS Holding (Hegnar)

NRC Group has entered into the final agreements to acquire NSS Holding AS. NSS Holding is the sole owner of Norsk Saneringsservice A/S and owns 70 percent of Miljøvakta AS. The enterprise value is NOK 103m, and the deal is expected to be completed in September 2018. NRC CEO refers to this deal as a growth opportunity, which strengthens their competitive position on both projects and as a third-party supplier.  

H-Produkter AS acquires GlassTeam (SMP)

One of the leading Norwegian manufacturers of doors and windows H-Produkter acquires GlassTeam, who operates in the same industry. GlassTeam is headquartered in Fredrikstad with 95 employees, and in 2017, they reported a turnover of approx. NOK 130m. In the same per,iod H-Produkter reported turnover of approx. NOK 150m.  

- Finland -

Solwers acquires aDT Arkkitehdit Davidsson Tarkela (Projektiuutiset)

Solwers buys the architect company aDT Architects Davidsson Tarkela, strengthening its activities in the field of architectural design. Following the deal, Solwers own nine companies, employing about 200 people. Solwers' strategy is to continue to expand as a network of top-notch companies

Prepared by Morten Loft Sørensen