# PASSER Group acquires part of SIDC Group shares

PASSER Group AS, a Norwegian EPCI supplier, acquired a part of the shares of SIDC Group UAB. The rebranding will result in SIDC Group becoming PASSER SIDC.

- Type: Acquisition
- Announced: 2020-01-29
- Where: Klaipeda, Lithuania
- Status: announced
- Products: EPCI services for wind renewables, offshore SURF, cryogenic insulation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [PASSER Group](https://endata.com/companies/44856.md) (acquirer)
- [SIDC Group](https://endata.com/companies/44857.md) (target)

## Sources

- [passer-sidc.com](https://passer-sidc.com/2020/01/29/passer-sidc/), 2020-01-29: "Together we become a large EPCI provider with full control of the value chain and a unique partner to our customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.