M&A Deal Summary

Gjensidige Forsikring ASA Acquires Vardia Insurance Group ASA

On April 28, 2016, Gjensidige Forsikring ASA acquired insurance company Vardia Insurance Group ASA

Acquisition Highlights
  • This is Gjensidige Forsikring ASA’s 4th transaction in the Insurance sector.
  • This is Gjensidige Forsikring ASA’s 1st transaction in Norway.

M&A Deal Summary

Date 2016-04-28
Target Vardia Insurance Group ASA
Sector Insurance
Buyer(s) Gjensidige Forsikring ASA
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Gjensidige Forsikring ASA

Oslo, Norway

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 4 of 5
Sector: Insurance M&A 4 of 5
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Norway M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Gjensidige Marine and Energy Insurance A/S

Oslo, Norway

Gjensidige Marine and Energy Insurance A/S comprising mainly long-tail liability claims, providing it with valuable operational and economic finality.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 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.

Buy kr1.4B