M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary

Date 2024-06-21
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

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(S) 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 STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Portugal M&A 1 of 1
Year: 2024 M&A 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(S) 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 STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Portugal M&A 1 of 1
Year: 2024 M&A 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 -