- Denmark -
Axcel buys the family-owned design company Gubi (Borsen)
Jakob G. Olsen has sold 60 percent of the shares in Gubi to the private equity fund Axcel and Chr. Augustinus Fabrikker. According to Borsen, the transaction reflects a valuation of Gubi at approx. DKK 1.5bn. Last year, Gubi reported EBIT of DKK 88m, which reflected an increase of more than 100 percent compared to 2016.
The Danish authorities have given green light to Bank merger (Finans)
The merger between Nordjyske Bank and Ringkjøbing Landbobank has now received approval from the Danish competition and consumer authorities. However, they are still awaiting approval from the financial supervisory authority.
- Sweden -
Sdiptech acquires KSS Klimat- & Styrsystem (Realtid)
Sdiptech has signed an agreement to acquire KSS Klimat- & Styrsystem for SEK 155.7m and is expected to be completed in the coming weeks. KSS designs, programs, installs and operates real estate automation control and monitoring systems. In the most recent fiscal year, they reported sales of approx. SEK 88m.
- Norway -
Visma acquires the Dutsch software company Raet (Dagens Næringsliv)
In the past 20 years, the Norwegian IT and software company Visma has made more than 150 acquisitions. The latest one was announced yesterday that Visma will buy 100 percent of the shares in Raet, which is a strategic acquisition according to Øystein Moan. Raet is their largest purchase ever made. Last year, Raet reported turnover of EUR 161m and profits of EUR 50m.
- Finland -
No news to report