M&A Deal Summary

Rolls-Royce Marine AS Acquires Scandinavian Electric Systems AS

On July 8, 2008, Rolls-Royce Marine AS acquired electrical equipment company Scandinavian Electric Systems AS from Borea Asset Management

Acquisition Highlights
  • This is Rolls-Royce Marine AS’s 1st transaction in the Electrical Equipment sector.
  • This is Rolls-Royce Marine AS’s 1st transaction in Norway.

M&A Deal Summary

Date 2008-07-08
Target Scandinavian Electric Systems AS
Sector Electrical Equipment
Buyer(s) Rolls-Royce Marine AS
Sellers(s) Borea Asset Management
Deal Type Add-on Acquisition

Target

Scandinavian Electric Systems AS

Godvik, Norway
Scandinavian Electric Holding consisted of the two daughters Scandinavian Electric Systems (SES) and Scandinavian Electric Austevoll (SEA).

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Buyer(S) 1

Buyer

Rolls-Royce Marine AS

Ulsteinvik, Norway

Category Company
Founded 1998
Sector Marine
DESCRIPTION

Rolls-Royce Marine AS designs, develops, and distributes diesel and gas engines and propulsion systems for commercial, naval, and power generation solutions internationally.


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: Norway M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Borea Asset Management

Bergen, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 9.5B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Borea Asset Management AS is an independent investment firm focused on opportunities throughout Norway. The Firm looks to invest in companies with at least NOK 50 million of revenues. Borea is a generalist investor, however, the Firm will not invest in shipping or real estate. Borea Asset Management AS was formed in 2005 and is based in Bergen.


DEAL STATS #
Overall 1 of 3
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Norway M&A 1 of 3
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-25 Ocea AS

Bergen, Norway

Ocea manufactures and supplies equipment for the aquaculture industry worldwide.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-15 Dekk1 Holding AS

Eivind Boe, Norway

Dekk1 Holding AS, which owns tire and rim chain Dekk1 AS and wholesaler Norway Tyres has decided to separate the two businesses by demerge units to two new companies with separate ownership groups.

Buy -