M&A Deal Summary

discoverIE Group Acquires Noratel AS

On June 5, 2014, discoverIE Group acquired electrical equipment company Noratel AS from Herkules Capital

Acquisition Highlights
  • This is discoverIE Group’s 3rd transaction in the Electrical Equipment sector.
  • This is discoverIE Group’s 1st transaction in Norway.

M&A Deal Summary
Date 2014-06-05
Target Noratel AS
Sector Electrical Equipment
Buyer(s) discoverIE Group
Sellers(s) Herkules Capital
Deal Type Add-on Acquisition

Target

Noratel AS

Hokksund, Norway
Noratel is a manufacturer and distributor of transformers. Noratel has a comprehensive standard range of dry-insulated transformers, power-supplies and reactors. The wide product-range includes everything from small wound reactors to large three-phase power transformers.

Search 201,429 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

discoverIE Group

Guildford, United Kingdom
Category Company
Founded 1986
Sector Electronics
Employees4,543
Revenue 437M GBP (2023)
DESCRIPTION

discoverIE Group is an electronics, designing, manufacturing and distributing electronic, photonic and medical products for the industrial and healthcare sectors. discoverIE Group was founded in 1986 and is based in Guildford, United Kingdom.

DEAL STATS #
Overall 11 of 20
Sector (Electrical Equipment) 3 of 8
Type (Add-on Acquisition) 10 of 19
Country (Norway) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Agilitas IT Solutions

Nottingham, United Kingdom

Agilitas IT Solutions is a provider of IT outsourced inventory management solutions to IT maintenance companies and Original Equipment Manufacturers (OEMs) servicing the enterprise server, storage, and networking market. Agilitas IT Solutions was founded in 1990 and is based in Nottingham, United Kingdom.

Sell £6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 FOSS A/S

Hillerod, Denmark

Foss AS is a designer and manufacturer of customised fibre optic solutions.

Buy -

Seller(S) 1

SELLER

Herkules Capital

Oslo, Norway

Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.

DEAL STATS #
Overall 12 of 34
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 6 of 14
Country (Norway) 10 of 28
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Estrella Maarud Holding AS

Oslo, Norway

Estrella Maarud manufactures and markets salted snacks in the Nordic and Baltic countries under the brands of Estrella, Maarud and Taffel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 New Store Europe AS

Vinterbro, Norway

New Store Europe AS is a store interior and store designing companies in Northern Europe. NSE is a "one-stop-shop" company that offers customers products and services from the early idea phase to fully completed and integrated turnkey solutions. Products and services offerings include interior design, concept development, store planning, interior manufacturing, installation, store maintenance and professional project management.

Sell -
Mergr

Product

Company

Legal