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M&A Deal Summary

Danfoss Acquires Visedo Oy

On November 1, 2017, Danfoss acquired electrical equipment company Visedo Oy from Tesi

Acquisition Highlights
  • This is Danfoss’ 1st transaction in the Electrical Equipment sector.
  • This is Danfoss’ 1st transaction in Finland.

M&A Deal Summary
Date 2017-11-01
Target Visedo Oy
Sector Electrical Equipment
Buyer(s) Danfoss
Sellers(s) Tesi
Deal Type Add-on Acquisition

Target

Visedo Oy

Lappeenranta, Finland
Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment.

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Buyer(S) 1

Buyer

Danfoss

Nordborg, Denmark
Category Company
Founded 1933
Sector Machinery
Employees28,000
DESCRIPTION

Danfoss is a supplier of technologies and components that meet the growing need for food supply, energy efficiency, climate-friendly solutions and modern infrastructure. The Company’s wide range of products and services are used in areas such as cooling food, air conditioning, heating buildings, controlling electric motors and powering mobile machinery.

DEAL STATS #
Overall 1 of 5
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Finland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Sea Recovery

Compton, California, United States

Sea Recovery Corp., is a manufacturer of small to high capacity reverse osmosis systems for sea water desalination used primarily in commercial and pleasure marine applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 Nelumbo

Hayward, California, United States

Nelumbo provides radical, lasting technological improvement to the heating and cooling industry through an introduction to the latest developments in advanced materials. Nelumbo was founded in 2015 and is based in Hayward, California.

Buy -

Seller(S) 1

SELLER

Tesi

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.

DEAL STATS #
Overall 20 of 33
Sector: Electrical Equipment M&A 5 of 6
Type: Add-on Acquisition M&A Deals 13 of 19
Country: Finland M&A 19 of 30
Year: 2017 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 StaffPoint

Helsinki, Finland

StaffPoint is a provider of human resources management services. StaffPoint group comprises two business areas: staffing and recruitment services and coaching services. StaffPoint was founded in 1971 and is based in Helsinki, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 IonPhasE Oy

Tampere, Finland

IonPhasE Oy is a manufacturer of static dissipative polymer additives, commonly known as permanent antistatic additives. IonPhasE was formed in 2001 and is based in Tampere, Finland.

Sell €24M
Mergr

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