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Announced

Completed

Axxelerator Capital completed the acquisition of Industrikran Norge.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Norway

hoists and cranes

cranes

Machinery: Construction

Acquisition

Domestic

Private

Majority

Completed

Friendly

Private Equity

Single Bidder

Mbo

Synopsis

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Axxelerator Capital, a Norwegian investment company, completed the acquisition of Industrikran Norge, a supplier of cranes to the industry in Norway. Financial terms were not disclosed. "We are very pleased to have Axxelerator on the owner's side. With their long-term perspective and solid experience, we will have a good basis for further developing and building on that success we have so far had. Axxelerator will contribute with increased competence to further develop the organization and be an important supporter for further growth," Ground Tveit, Industrikran Norge Founder and General Manager.

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