M&A Deal Summary

Rolls-Royce North America Acquires SmartMotor AS

On August 23, 2013, Rolls-Royce North America acquired technology hardware company SmartMotor AS from Verdane

Acquisition Highlights
  • This is Rolls-Royce North America’s 1st transaction in the Technology Hardware sector.
  • This is Rolls-Royce North America’s 1st transaction in Norway.

M&A Deal Summary

Date 2013-08-23
Target SmartMotor AS
Sector Technology Hardware
Buyer(s) Rolls-Royce North America
Sellers(s) Verdane
Deal Type Add-on Acquisition

Target

SmartMotor AS

Trondheim, Norway
SmartMotor offers customised, compact, highly efficient, high-torque electrical machines. The concept is based on patented permanent magnet (PM) technology with integrated drives and controls. Most machine designs are customised to specific applications, often operating in very harsh and demanding environments.

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Buyer(S) 1

Buyer

Rolls-Royce North America

Reston, Virginia, United States

Category Company
Sector Machinery
DESCRIPTION

The Rolls-Royce repair and overhaul network presently comprises 14 facilities either wholly or partly owned, on four continents, servicing 48 different types of engines for more than 400 operators every year. The acquisition will position Rolls-Royce in new markets, strengthening the company's position and bringing new customers in both the aviation and industrial sectors.


DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-19 Rolls-Royce Gear Systems

Park City, Utah, United States

Rolls-Royce Gear Systems specializes in the design, development, manufacture, sale and repair of gearboxes, high-lift flight control actuators and gear-driven actuators and gears for the aerospace industry. Primary products include aircraft and engine mounted accessory drives, utility actuation components and systems, high-lift actuation systems and flight trim actuators for both civil and military application.

Sell $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Rolls-Royce North America - Civil Nuclear Systems & Services

Reston, Virginia, United States

Rolls-Royce North America's Civil Nuclear Systems & Services provides maintenance and design of nuclear power plants.

Sell -

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 18 of 48
Sector: Technology Hardware M&A 3 of 3
Type: Add-on Acquisition M&A Deals 14 of 34
Country: Norway M&A 8 of 15
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 KSD Software AS

Oslo, Norway

KSD is a leading Scandinavia-based provider of electronic customs filing solutions for countries in the EU, as well as Switzerland, Norway, Israel, US and Canada. In addition to customs handling, KSD provides software for security filing (ICS), transport management and forwarding systems.

Sell Nkr109M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-01 WhiteAway

Aarhus, Denmark

Whitegoods online.

Buy -