M&A Deal Summary

Deltronics B.V. Acquires Eltek ASA

On December 15, 2014, Deltronics B.V. acquired energy services and equipment company Eltek ASA from Altor Equity Partners for 3.9B NOK

Acquisition Highlights
  • This is Deltronics B.V.’s 1st transaction in the Energy Services and Equipment sector.
  • This is Deltronics B.V.’s largest (disclosed) transaction.
  • This is Deltronics B.V.’s 1st transaction in Norway.

M&A Deal Summary
Date 2014-12-15
Target Eltek ASA
Sector Energy Services and Equipment
Buyer(s) Deltronics B.V.
Sellers(s) Altor Equity Partners
Deal Type Add-on Acquisition
Deal Value 3.9B NOK

Target

Eltek ASA

Drammen, Norway
Eltek Group is a power conversion specialist. Eltek develops and markets energy systems for telecom, renewable energy, electric vehicles and industrial applications as well as other information and communication related services. Eltek carries out its business through two main companies and their subsidiaries: Eltek Valere (energy systems) and Nera Telecommunications (telecom and infocom).

Search 198,774 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Deltronics B.V.

Hoofddorp, Netherlands
Category Company
Sector Electronics
DESCRIPTION

Deltronics (Netherlands) B.V. is major power supplies provider with core expertise in power electronics design, manufacturing and global operations.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Norway) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 18 of 42
Sector (Energy Services and Equipment) 2 of 4
Type (Add-on Acquisition) 11 of 24
Country (Norway) 6 of 15
Year (2014) 5 of 5
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Apotek Hjärtat AB

Solna, Sweden

Apotek Hjärtat is an operator of independent pharmacy retail chain in Sweden.

Sell kr5.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Spectrum ASA

Oslo, Norway

Spectrum ASA is a provider of innovative Multi-Client seismic surveys and high- quality seismic imaging services to the global oil and gas industry from offices in Norway, UK, USA, Brazil, Egypt, Australia, Indonesia, and Singapore. Spectrum designs acquire and process seismic data to deliver high-quality solutions through its dedicated and experienced workforce.

Buy -
Mergr

Product

Company

Legal