Delta-p, Pumpe og Kompressor Systemer AS is set to merge with Haakon Larsen AS to form Shift Energy Holding AS, an industrial platform with pro-forma 2024 turnover of NOK 500 million. Delta-p shareholders will hold a 50% stake in the new group.
Hawk Infinity AS acquired 100% of the shares in Nordic Flow AS, a Norwegian turnkey pump systems specialist serving offshore and high-end industries. Nordic Flow founders sold the company, and EY advised on the sale.
BST Group has acquired Ramco Pumpesystemer, an Oslo-based Norwegian provider of premium sprinkler and fire pump systems, as part of its Nordic expansion. No financial terms were disclosed.
Triton portfolio company Techouse Group AS has signed an agreement to acquire Eureka Group AS, an Oslo-based maker of water pumps and gensets for offshore installations. The Eureka brand will remain as a separate subsidiary.
Triton portfolio company Techouse Group signed an agreement to acquire pump and genset supplier Eureka Group from Remold Invest and Aker Capital in Q2 2024.
IKM Gruppen signed an agreement to buy 100% of the shares of Flux Holding AS, a Norwegian supplier of umbilicals, valves, hoses and couplings for the energy sector. Flux has about 61 employees and sites in Stavanger, Bergen and Porsgrunn. The price was not disclosed.
AxFlow Norway Group acquired VA-Prosjekt Midt-Norge AS, a Trondheim supplier of pump stations and elevated reservoirs with 2021 revenue of NOK 77 million. The company continues as a separate subsidiary in the same premises.
Swedish distributor Ahlsell AB signed an agreement to acquire Norway's Intec Pumper AS, which has annual sales of NOK200 million and offers pumping solutions for water and wastewater. The deal is subject to approval by the Norwegian Competition Authority.
Framo, part of Alfa Laval, has acquired LiftUP, a Norwegian maker of pumps and cleaning equipment for removing dead fish and sludge from open cages. The deal strengthens Framo's sustainable aquaculture focus.
Lakers Group signed a share purchase agreement to acquire Norsk Pumpeservice AS, a Norwegian aftermarket service and pump provider based in Fetsund near Oslo. The deal is expected to close in August 2021; the price was not disclosed.
OEM International signed an agreement to acquire the pump division of Finisterra AS in Norway, which sells Hermetic, Flux and Almatec pumps for chemical and industrial use. The division will be integrated into OEM Automatic AS.
AxFlow AS has acquired all shares in Innva AS, a valve supplier based in Skui, Bærum, Norway, effective 29 April 2019. Innva will continue as an independent company with its own logo. The purchase price was not disclosed.
Summa Equity has signed an agreement to acquire Lakers Holding AB, a Nordic group servicing pumps, pumping stations and electrical motors across Norway, Sweden and Denmark. Completion is subject to regulatory approval and expected in October 2018.
Yokogawa Electric has acquired TechInvent2 AS, a Norwegian firm holding rights to FluidCom, a chemical injection metering valve for oil wells and pipelines. Yokogawa will target upstream and midstream oil and gas customers with it.
AxFlow AS, a Norwegian pump and instrumentation supplier, has bought Process Partner AS, a six-employee process instrumentation firm in Larvik, which will operate as part of the AxFlow Norway Group.
Axel Johnson International, through its AxFlow business group, acquired Process Partner AS, a Larvik-based Norwegian distributor of process instruments and positive displacement pumps. The deal strengthens AxFlow's fluid handling business in the Nordics.
Ham-Let (Israel-Canada) Ltd., a maker of instrumentation valves and fittings, is buying Norwegian company Norvalve. The deal was reported on 2016-10-20.