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Announced

Completed

Harjavalta and Tirinom completed the acquisition of Nordec Group from Mutares-backed Donges SteelTec.

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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Completed

Finland

Friendly

Acquisition

Domestic

Single Bidder

frame structure solutions

Construction Services

Private

Majority

Private Equity

Synopsis

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Harjavalta, a kitchen furniture manufacturing firm, and Tirinom, a brokerage firm, completed the acquisition of Nordec Group, a provider of frame structure solutions, from Mutares-backed Donges SteelTec, a steel engineering company. Financial terms were not disclosed. “As the Chairman of the Board of Nordec Group, I am very pleased to see this business transaction completed. The business transaction will support Nordec aims to further develop its business and support company to continue excellent business performance, of which has been executed throughout 2022,” Petri Rignell, Nordec Group Chairman of the Board.

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