Nordic M&A News
August 1, 2018

- Denmark -

LEO Pharma to acquire Bayer’s prescription dermatology unit (Borsen)

LEO Pharma A/S is about to expand its lead in medical dermatology with the acquisition of Bayer’s prescription dermatology unit. The portfolio to be acquired includes branded topical prescription treatments for acne, fungal skin infections and rosacea, and a range of topical steroids. The business division has approximately 450 employees and reported an annual turnover in 2017 of more than EUR 280m. The purchasing price is around EUR 1bn according to sources mentioned in Borsen. 

- Sweden -

Allgon completes the acquisition of Tele Radio (Cision)

Allgon AB has completed the acquisition of all shares in Tele-Radio International Holding AB which was mentioned in the M&A newsletter on May 7th, 2018. The purchase price amounts to SEK 350m on a debt and cash free basis with a possible additional purchase price of up to a maximum of SEK 50m. Tele Radio employs more than 240 people and has had a strong historical growth rate with a CAGR in net sales of approximately 12 percent since 1999. Tele Radio had, during the financial year 2017, net sales of approximately SEK 252m. 

Competition authorities approve Transtema's acquisition of LSS (Cision)

Ericsson earlier this month entered an agreement with the Swedish company Transtema Group AB to divest Ericsson Local Services AB (LSS), a subsidiary of Ericsson supplying field service operations and maintenance of fixed and mobile networks in Sweden. Transtema Group AB acquires all assets and continues the operations with the existing approximately 700 employees. The competition authorities approved the acquisition Tuesday and the companies are now ready to close the deal. 

Triton to acquire SKF Motion Technologies for SEK 2.75bn (Affarsvarlden)

PE-firm Triton has signed an agreement to acquire the business unit SKF Motion Technologies from SKF Group, listed on Nasdaq Stockholm for SEK 2.75bn net debt adjusted. Triton intends to form a standalone company under a new brand. SKF Motion Technologies is a global provider of electrical linear actuator components- and systems as well as linear motion products. The divested business has approximately 1,200 employees and had a turnover of approximately SEK 2 billion in 2017.

- Norway -

No news to report

- Finland -

Eurokangas acquires Kiskotalo - A curtain wholesaler (Talouselama)

Kiskotalo is a wholesaler of drapes, curtains and components established in 2011. The company reported net sales of around EUR 250,000 in 2017. Kiskotalo will become a subsidiary of Eurokanka,but will continue its current business operations under the name Kiskotalo. The purchasing price is undisclosed. Eurokangas is a family company with over 30 stores across Finland and nationwide business and wholesale activities. In the latest fiscal year, the company employing about 400 employees generated EUR 34m in net sales and EUR 1.2m in operating profit.

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Prepared by Emil Tange Ohlsen