Nordic M&A News
September 26, 2018

- Denmark -

Total acquires Chevrons shares in DUC (Borsen)

The french oil giant has acquired all of Chevron’s shares in Dansk Undergrunds Consortium (DUC). Total is now the largest single shareholder in DUC with a stake of 43,2 pct. The price is undisclosed. The acquisition is fully aligned with Total’s strategy of expansion in Denmark. They already acquired Maersk Oil for DKK 47bn last year.  

Falck divest division to Quick Care (Press release)

Falck has announced to divest their medical clinics, Falck Lægehuse, and their employment agency VikTeam and Sirculus. The buyer, WeCare, whoms CEO Thomas Helt had previously been working with Falck. The divestment process in Falck is expected to focus the business on their core activities.

Ilva and Idemøbler merge due to poor financial results (Borsen)

The owner of the two furniture chains, ID Design, have presented a new strategy yesterday where the consequence is a merge of the two companies. Both companies have presented financial deficit the last couple of years and a merge will provide more synergies and save costs.

Danske Spil prepares to sell (Borsen)

Danske Spil is looking to divest their subsidiary for more than DKK 1bn. Deloitte is hired to find a buyer. Danske Spil owns 60 pct of the share capital in, the rest is owned by the owners.

- Sweden -

Fastator acquires Portvakten Industrifastigheter (Press release)

Fastafor has acquired the remaining 50% of shares from Per-Axel Bengtsson of Portvakten Industrifastigheter. Fastafor owned the other half of the shares prior to the acquisition. Fastafor believes they will be on top of Sweden’s economic development by acquiring urban industrial areas.

Arise sells wind farm project to Blackrock (Press release)

Arise has exercised its right to acquire the Enviksberg wind farm of approximately 37 MW from Dala Vind. After that, Arise has entered into an agreement with a fund managed by Blackrock for the sale of the project. The projected is expected to generate a total positive earning of SEK 80m in 2018 and 2019.

Bravida acquires electricity company Lindsténs Elektriska (Realtid)

Bravida has acquired Lindsténs Elektriska and strengthens their position in the southern part of Skåne. Bravida will be market leading in Österlen, where they didn’t have any operations prior to the acquisition. The price is undisclosed.

- Norway -

Scana Property sells land areas for NOK 21m to MT Grøtnes (Hegnar)

The property company Scana Property have sold landfills and land areas adjacent to steelworkers to the local entrepreneurs group MT Grøtnes. The deal is worth NOK 21m and is expected to be completed 30 October 2018.

- Finland -

Fortum and Connected Finland enters a strategic partnership (Kauppalehti)

Fortum strengthens cost-effective and secure telecommunications solutions in partnership with Connected Finland to improve their SmartLiving IoT-services. The service provides, among other, temperature and humidity measurements inside buildings for both private and corporate usage.


Prepared by Anton Søeberg