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  5. Palfinger Australia Pty Acquires Harding Safety AS

M&A Deal Summary

Palfinger Australia Pty Acquires Harding Safety AS

On May 31, 2016, Palfinger Australia Pty acquired marine company Harding Safety AS from Umoe Schat-Harding Services AS

Acquisition Highlights
  • This is Palfinger Australia Pty’s 1st transaction in the Marine sector.
  • This is Palfinger Australia Pty’s 1st transaction in Norway.

M&A Deal Summary
Date 2016-05-31
Target Harding Safety AS
Sector Marine
Buyer(s) Palfinger Australia Pty
Sellers(s) Umoe Schat-Harding Services AS
Deal Type Divestiture

Target

Harding Safety AS

Seimsfoss, Norway
Harding is a marine life-saving systems company involved in providing deliveries to offshore installations and vessels worldwide. The company developed the first lifeboat (FF1200) fulfilling the new regulation, DNV 406, for the North Sea and it is also the developer of the enclosed davit system.

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Buyer(S) 1

Buyer

Palfinger Australia Pty

Wacol, Australia
Category Company
Sector Distribution
DESCRIPTION

Palfinger Australia Pty Ltd. is a distributor of cranes in Australia. Palfinger Cranes are manufactured to the stringent European standard, EN12999, class H1-B3. The Epsilon Scrap Handling & Logging cranes are designed and built to H1-B4.

DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Umoe Schat-Harding Services AS

Lysaker, Norway
Category Company
Sector Manufacturing
Employees800
DESCRIPTION

Schat-Harding is a leading global supplier of maritime life-saving systems, with the worldwide service network of the industry. The company has more than 800 employees, operates in 13 different countries and has 25 offices and a service network comprising more than 60 stations. Schat-Harding has production facilities in Europe, Asia and the USA. The company's head office is in Rosendal in Kvinnherad municipality, Norway.

DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2016 M&A 1 of 1
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