M&A Deal Summary

Nordex Acquires SSP Technology AS

On February 1, 2017, Nordex acquired manufacturer SSP Technology AS from VM Capital

Acquisition Highlights
  • This is Nordex’s 1st transaction in the Manufacturing sector.
  • This is Nordex’s 1st transaction in Denmark.

M&A Deal Summary

Date 2017-02-01
Target SSP Technology AS
Sector Manufacturing
Buyer(s) Nordex
Sellers(s) VM Capital
Deal Type Add-on Acquisition

Target

SSP Technology AS

Stenstrup, Denmark
SSP Technology AS is a developer, producer and distributor of rotor blade technology products for wind turbines as well as molds for the production of rotor blade components.

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Buyer(S) 1

Buyer

Nordex

Hamburg, Germany

Category Company
Founded 1985
Sector Energy Services and Equipment
Employees10,778
Revenue 7.3B EUR (2024)
DESCRIPTION

Nordex is a mid-sized manufacturers of wind turbines for the international onshore market and operates worldwide in more than 20 countries with branches there. Company core business includes the development of modern turbines as well as the production, installation and long-term servicing of wind farms. Nordex was founded in 1985 and is based in Hamburg, Germany.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Acciona Windpower S.L.

Barasoain, Spain

Acciona Windpower S.L. designs and produces 3.0- and 1.5-MW turbines for all wind classes, including the design and manufacture of rotor blades and towers.

Buy €366M

Seller(S) 1

SELLER

VM Capital

Dusseldorf, Germany

Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

VM Capital (formerly known as Ventizz Capital Partners) is a private equity firm that targets investments in growth-oriented technology businesses operating throughout Europe. VM Capital will consider investing in individual companies as well as acquisitions of secondary private equity transactions. Specific sectors of interest include renewable energy/clean technology, semiconductors, electronics, photonics, materials applicaton, industrial automation, medical technology, IT, and communications. Vorndran looks for control stakes when making investments. The Firm's investment horizon is 3 to 6 years. VM Capital was formed in 2000 and is based in Dusseldorf.


DEAL STATS #
Overall 18 of 19
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Denmark M&A 1 of 1
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-06 Hasselblad

Gothenburg, Sweden

Hasselblad produces first-class camera equipment for professional photographers, photo artists, and high-end consumers. Formed in 1941, Hasselblad is a global brand with offices in New York, London, Tokyo, Paris, Copenhagen and Hamburg with distributors throughout the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 vitronet

Essen, Germany

vitronet is a service provider for infrastructure expansion in Germany. Its services range from the project planning of new networks and their construction to the operation and service of fibre optic networks. vitronet is based in Essen, Germany.

Sell -