Add-on Acquisition • Safety/Security

Novoferm Acquires Robust

On May 20, 2019, Novoferm acquired safety/security company Robust from Norvestor Equity

Acquisition Context
  • This is Novoferm’s 1st transaction in the Safety/Security sector.
  • This is Novoferm’s 1st transaction in Sweden.

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M&A Deal Summary

Date May 20, 2019
Target Robust
Sector Safety/Security
Buyer(s) Novoferm
Sellers(s) Norvestor Equity
Deal Type Add-on Acquisition

Target Company

Robust

Nykroppa, Sweden
Robust specialises in production and sale of security and fire steel doors. The steel doors are sold to end customers through construction companies, wholesalers, and installation companies. Robust also has two manufacturing facilities in Cheadle and Staffordshire in England, to serve the UK market. Robust was founded in 1971 and is based in Nykroppa, Sweden.
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Buyer Overview 1

Buyer

Novoferm

Luton, United Kingdom

Category Company
Founded 1955
Sector Safety/Security
DESCRIPTION

Novoferm is a suppliers of safety doors, garage doors, frames and operators for uses in the private, trade and industrial sectors. Novoferm was founded in 1955 and is based in Luton, United Kingdom.


Deal Context for Buyer #
Overall 1 of 1
Sector: Safety/Security 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Sweden 1 of 1
Year: 2019 1 of 1

Seller Profile 1

SELLER

Norvestor Equity

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity was founded in 1989 and is based in Oslo, Norway.


Deal Context for Seller #
Overall 37 of 53
Sector: Safety/Security 1 of 1
Type: Add-on Acquisition 11 of 19
Country: Sweden 5 of 12
Year: 2019 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Foxway

Vaxjo, Sweden

Foxway is a supplier of IT lifecycle management solutions for large corporations. Foxway enables large companies and institutions to manage their physical IT assets to maximizes their use and improve quality and efficiency. Foxway was founded in 2009 and is based in Vaxjo, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 IT Gården i Landskrona AB

Landskrona, Sweden

IT Gården i Landskrona AB is an IT service outsourcing provider to small and medium-sized enterprises in the Skåne region. The Company delivers IT services within IT outsourcing and infrastructure, virtualisation and client platforms as well as related products. IT Gården aims to provide customers with an easy way of outsourcing all IT related services.

Sell -