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M&A Deal Summary

Explore Equity Partners Acquires Construction Equipment Group

On April 30, 2021, private equity firm Explore Equity Partners acquired machinery company Construction Equipment Group

Acquisition Highlights
  • This is Explore Equity Partners’ 1st transaction in the Machinery sector.
  • This is Explore Equity Partners’ 4th transaction in Norway.

M&A Deal Summary
Date 2021-04-30
Target Construction Equipment Group
Sector Machinery
Buyer(s) Explore Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Construction Equipment Group

Sundebru, Norway
Construction Equipment Group is a equipment and solution supplier for the Nordic construction industry. Through its Gjerstad, Foss-Eik, Vera Tank and EMA brands, the company designs, manufactures and distributes quality niche products, including shovels, wheel loaders, trailers, and tanks. Construction Equipment Group is based in Sundebru, Norway.

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Buyer(S) 1

Buyer

Explore Equity Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Explore Equity is a private equity firm that looks to acquire majority stakes in Scandinavian companies. The Firm targets a variety of industries including business and consumer services, distribution, manufacturing, and marketing. Exlore’s investment horizon is typically 5 to 7 years. Explore Equity was established in 2016 and is based in Oslo, Norway.

DEAL STATS #
Overall 4 of 6
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
Country (Norway) 4 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Nova Consulting Group

Oslo, Norway

Nova Consulting Group is a niche-focused IT consulting firm that supports its clients in the digitalization of business-critical systems and solutions. This includes strategic advisory services, user experience, system development, and maintenance. Nova Consulting Group was founded in 2007 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 TheVIT

Oslo, Norway

TheVIT is a Norwegian challenger within business performance & support services and solutions in the finance and HR areas. This includes CFO services, business intelligence and data analytics, robotic process automation, and HR services. TheVIT is based in Oslo, Norway.

Buy -
Mergr

Product

Company

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