Add-on Acquisition • Electrical Equipment

NKT Holding A/S Acquires SolidAl

On June 21, 2024, NKT Holding A/S acquired electrical equipment company SolidAl from Njord Partners for 192M EUR

Acquisition Context
  • This is NKT Holding A/S’s 1st transaction in the Electrical Equipment sector.
  • This is NKT Holding A/S’s largest (disclosed) transaction.
  • This is NKT Holding A/S’s 1st transaction in Portugal.

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M&A Deal Summary

Date June 21, 2024
Target SolidAl
Sector Electrical Equipment
Buyer(s) NKT Holding A/S
Sellers(s) Njord Partners
Deal Type Add-on Acquisition
Deal Value 192M EUR

Target Company

SolidAl

Esposende, Portugal
SolidAl is a power cable company that manufactures power cables, conductors, and integrated solutions for energy transmission and distribution from 1 kV up to 400 kV. SolidAl was formed in 1970 and is based in Esposende, Portugal.
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Buyer Overview 1

Buyer

NKT Holding A/S

Brøndby, Denmark

Category Company
Founded 1891
Sector Diversified
Employees8,828
DESCRIPTION

NKT is a modern industrial conglomerate with businesses specialising in professional cleaning equipment (Nilfisk), power cables (NKT Cables), and high-tech photonic products (Photonics Group).


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Portugal 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-24 NKT Photonics

Birkerød, Denmark

NKT Photonics A/S is a supplier of fiber lasers and photonic crystal fibers including OCT imaging systems, pulsed lasers, such as supercontinuum sources, ultra-low noise DFB fiber lasers, and a wide range of specialty fibers.

Sell -

Seller Profile 1

SELLER

Njord Partners


Category Distressed Investor
Founded 2013
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Njord Partners is a special situations investment firm providing flexible debt and equity capital to European middle-market companies facing complex challenges. Njord typically invests through opportunistic, agnostic allocations across the capital structure. Njord Partners was formed in 2013 and is based in London.


Deal Context for Seller #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Portugal 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-29 Red Funnel

Southampton, United Kingdom

Red Funnel offers freight transport, holiday packages, and travel connections, as well as destination services and events. Red Funnel is based in Southampton, England.

Buy -