Nordic M&A News
September 28, 2018

- Denmark -

Zefyr Invest acquires KVM Industrimaskiner A/S

The recently established PE firm Zefyr Invest A/S has completed its first investment in KVM Industrimaskiner A/S and acquired a majority stake of 85% in the company. KVM is a niche supplier of production solutions for the concrete and asphalt industry in Northern Europe. In 2016/17 KVM reported a gross profit of DKK 56m with EBIT of DKK 9m. The company has approximately 130 employees.

Kebab company looking to sell business activities (Borsen)

Yusuf Kavur and Mustafa Sahin have created a well-established business by producing, distributing and selling kebab meat to, among other things, shawarma bars and pizzerias. The Parent Company Holding af 1.1.2013 consists primarily of the subsidiaries King Food ApS in Denmark and Royal Food Production in Poland. The two companies combined generated a profit of more than DKK 30m in 2017. The owners have hired PwC Corporate Finance to assist on the sale.

Friheden Invest has reinvested in IC Company (Borsen)

IC Group 's largest shareholder, the family company Friheden Invest, which Niels Martinsen, is the majority owner of, has bought additional shares in the fashionwear company for DKK 41.1m. Friheden Invest has thus reinvested a large part of the total dividend of DKK 51.2m Friheden Invest received from its large shareholding in the company.

Dantax looking for potential acquisitions (Euroinvestor)  

Dantax's revenues in the 2017/18 financial year, which ran until the end of June, ended at DKK 43.5m compared to DKK 40m the year before. At the end of the last financial year, the equity in Dantax amounted to DKK 70.5m, while there were cash equivalents of DKK 7.4m. The liquidity is expected to be used for acquisitions if there is a suitable acquisition opportunity in the industry, Dantax writes in its annual report.

- Sweden -

Hexagon completes acquisition of AutonomouStuff (Press Release)  

Hexagon AB, a global leader in digital solutions, has announced the completion of the acquisition of AutonomouStuff, a deal that was mentioned in the M&A newsletter 04-06-2018. Autonomoustuff is one of the world’s leading suppliers of integrated autonomous vehicle solutions. AutonomouStuff will be a fully owned subsidiary of Hexagon and operate within Hexagon’s Positioning Intelligence division. In 2017, AutonomouStuff generated sales of USD 45m, with good profitability.

HEXPOL acquires 80% stake in Italian MESGO Group (Press Release)

HEXPOL has signed an agreement to acquire 80 percent of the shares in MESGO Group from the existing main owner Mr. Francesco Caldara and co-owners. MESGO Group is an industry leader in high-performance elastomers as fluorocarbons and silicone. MESGO Group has annual sales of around EUR 100m with around 180 employees in six facilities. The acquired business has an EBITDA margin in line with the HEXPOL Group. The acquisition price amounts to approximately EUR 168m on a cash and debt-free basis.

Elcowire Group to acquire NKT Railway (Press Release)

Elcowire Group AB, a Sweden-based manufacturer of copper wire rod, has agreed to acquire Germany-based NKT Rail from NKT. The financial details are undisclosed. Elcowire expands its customer base, product portfolio and manufacturing capacity. The acquired company has two locations in Germany and approximately 65 employees.

- Norway -

No News to report

- Finland -

No news to report

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Prepared by Emil Tange Ohlsen