Nordic M&A News
August 22, 2018

- Denmark -

Food company Simple Feast raises DKK 78m from venture funds (Borsen)

A group of investors consisting of primarily Balderton Capital and Danish Byfounders has invested DKK 78m in Simple Feast. The company sells vegetarian and vegan meal boxes in Denmark. Simple Feast delivered its first meal box a year and a half ago and operates in a market that is rapidly growing. An estimate of the market growth is its largest competitor Aarstiderne, which in 2017 raised its turnover by more than DKK 100m to DKK 672m with a profit of DKK 40.3m. 

- Sweden -

Swedish healthcare firm Capio to divest French business (Realtid)

Swedish healthcare company Capio plans to sell its French business to Vivalto Sante in a deal worth up to EUR 455m to focus on its less capital intensive Nordic operations. Capio operates in Sweden, Norway, Denmark, France and Germany and had net sales of NOK 15.3bn last year. The consideration for the proposed deal would be an upfront enterprise value of EUR 425m plus an earn-out contingent on this year’s financial performance. 

ChromoGenics acquires I-Window and its technology (Cision)

ChromoGenics AB (publ) has entered into an agreement to acquire the assets of I-window International AB to broaden the product portfolio and strengthen the sales organization as well as to obtain tenders of approximately SEK 70m for retro-fit projects. I-Window markets and sells a proprietary insulating glass product with unique properties. 

Teknos to acquire parquet product business from Kiilto (Cision)

Teknos acquires parquet product business from Finish Kiilto. The product assortment consists of primer lacquers, 1-component and 2-component lacquers and parquet fillers. Through the acquisition, Teknos gets the ownership of the recipes, trade names, customer contacts and know-how. Kiilto parquet business covers markets in Finland, Sweden, Latvia, Lithuania, Estonia, Poland, Russia, Belarus and Ukraine with an extensive network of customers. 

- Norway -

No news to report

- Finland -

SOL acquires majority stake in Finish IT company Consultator (Talouselama)

Finish data security company F-Secure has agreed to acquire Britain-based MWR InfoSecurity for 80 million pounds in cash to widen its range of cybersecurity services. F-Secure’s sales last year totaled EUR 170m and MWR’s revenue from the last 12 months are expected at EUR 31m, the Finnish company said. The deal is expected to be completed next month.

Wärtsilä makes significant investment in Finland (Cision)

Wärtsilä is building the Smart Technology Hub, a new centre of research, product development and production, in Vaskiluoto, Vaasa. As a part of the project, Wärtsilä will invest EUR 83m in modern testing and production technology for the hub. The total investment in the Smart Technology Hub will be in the region of EUR 200m, consisting of office and factory buildings, logistics and infrastructure.

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Prepared by Emil Tange Ohlsen