- Denmark -
Polytech acquires Global Lightning Protection Services A/S (JV)
The Danish wind company Polytech acquires the lightning company Global Lightning Protection Services, which complements their current product portfolio. Following the acquisition, Polytech will now employ more than 400 people. Polytech
Offspring Capital acquires Mouseflow (Clearwater)
Back in May, we reported that the founder of Mouseflow Lasse Schou Holbøll had hired Clearwater International to consult in a potential sale of parts or all of Mouseflow. At the end of last week, it was announced that the private equity firm Offspring Capital has acquired the majority of the firm. Mouseflow tracks how users of a website act, which is a helpful tool for companies wanting higher conversion rates on their websites.
Founders of Casa invest millions in Reflecty (Finans)
Michael Mortensen and Per Christian Hansen, founders of Casa, invest DKK 5m in Reflecty ApS, which is the company behind an app that combines the classic diary with AI. In only one year, the company has managed to get 600.000 users to the app, where 60 percent of the users are from Northern America. Everyday users respond to questions from the app, which is saved in the app in a sort of chat system. The app is a journal utilizing artificial intelligence to help you structure and reflect upon your daily thoughts and problems.
- Sweden -
ASSA ABLOY acquires the US company Crossmatch (Press release)
ASSA ABLOY has acquired Crossmatch, a leading company in solutions for managing biometric identities and secure authentication. Crossmatch is a technological complement to ASSA ABLOY, and strengthens the Group's position as a leading biometric solutions company. Crossmatch was founded in 1996, and today has around 270 employees.
- Norway -
BW LPG and Dorian LPG is negotiating a possible merger (Hegnar)
Back in may, the LPG shipping company BW LPG submitted a proposal to merge with the competitor Dorian LPG through a pure equity transaction, where Dorian shareholders were offered 2.05 BW LPG shares for each Dorian share. The proposed transaction values the new shipping company to USD 1.1bn. The proposal was rejected, but the discussions between the management of the two companies have continued.
Ferd is considering a sale of the oil service group Aibel (E24)
According to Bloomberg, Morgan Stanley is committed to assisting with a possible sale of the oil service group Aibel, and several private equity funds should have been presented for the investment opportunity. Norway-based Aibel's price tag is estimated to be approx. NOK 4bn. Currently, Ferd and Swedish Ratos own 50 percent and 32 percent of the company respectively.
- Finland -
MariaDB acquires Clustrix (Techcrunch)
MariaDB, the company behind the MySQL drop-in replacement database has announced that it has acquired Clustrix, also a MySQL drop-in replacement database, but with focus on scalability. Clustrix will be integrated into MariaDB own database, allowing it to offer a more scalable database service in the long run.
ServiceNow invests in MariaDB (Kauppalehti)
The American cloud computing company ServiceNow has invested in MariaDB. ServiceNow is already a major customer of MariaDB, and this investment strengthens their partnership. MariaDB was founded by MySQL creator Monty Widenius in 2009 and is backed by both Alibaba and Intel.
- Denmark -
Tiimo raises DKK 2m for launch and marketing (Medwatch)
Tiimo, an app to smartwatches has raised DKK 2m for their Danish launch. The company was established in 2016 by Helene Lassen Nørlem and Melissa Azari, who created the app as a part of their education. In 2016, the company also raised DKK 2m, which came from markedsmodningsfonden, but this time the money has been raised from Capnova and five private investors. The app Tiimo is an app for smartwatches which makes the daily life easier for children with e.g. ADHD.