M&A Deal Summary

Gjensidige Forsikring ASA Acquires Falck Roadside Assistance Business

On December 2, 2021, Gjensidige Forsikring ASA acquired insurance company Falck Roadside Assistance Business for 1.4B SEK

Acquisition Highlights
  • This is Gjensidige Forsikring ASA’s 5th transaction in the Insurance sector.
  • This is Gjensidige Forsikring ASA’s 3rd largest (disclosed) transaction.
  • This is Gjensidige Forsikring ASA’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-12-02
Target Falck Roadside Assistance Business
Sector Insurance
Buyer(s) Gjensidige Forsikring ASA
Deal Type Divestiture
Deal Value 1.4B SEK

Target

Falck Roadside Assistance Business

Sweden
Falck’s Roadside Assistance covers all types of vehicles used in case of accidents or breakdowns and is available to private, public, and corporate clients and covers all of Europe. Falck has more than 1,400 vehicles in its franchise network with 370 start-up locations across Sweden, Norway, Finland, Estonia, and Lithuania.

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Buyer(S) 1

Buyer

Gjensidige Forsikring ASA

Oslo, Norway

website

Category Company
Sector Insurance
Employees3,555
DESCRIPTION

Gjensidige Forsikring ASA are a Nordic general insurance company. Company also offer banking, pension and savings products in Norway. Gjensidige has provided insurance services for nearly 200 years.

DEAL STATS #
Overall 5 of 5
Sector (Insurance) 5 of 5
Type (Divestiture) 2 of 2
Country (Sweden) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Vardia Insurance Group ASA

Oslo, Norway

Vardia Insurance Group ASA is an insurance company sells and distributes property and casualty insurance products for the retail and SME markets in Norway, Sweden, and Denmark.

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