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  5. United Power Acquires Satema AS

M&A Deal Summary

United Power Acquires Satema AS

On June 27, 2019, United Power acquired electrical equipment company Satema AS from Connecting Capital

Acquisition Highlights
  • This is United Power’s 2nd transaction in the Electrical Equipment sector.
  • This is United Power’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-06-27
Target Satema AS
Sector Electrical Equipment
Buyer(s) United Power
Sellers(s) Connecting Capital
Deal Type Add-on Acquisition
Advisor(s) Oaklins (Financial)

Target

Satema AS

Oslo, Norway
Satema AS develops, manufactures, and markets temporary electrical equipment and power supply solutions to the professional market. The group’s product offering includes electrical distribution boards, transformers, and transformer kiosks, light towers and masts, climate control equipment, aluminum enclosures, power generator sets, and switchboard panels. Satema was founded in 1963 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

United Power

Stockholm, Sweden
Category Company
Sector Electrical Equipment
Employees250
Revenue 900M SEK (2018)
DESCRIPTION

United Power is a provider of temporary solutions in the product areas of power, climate, and light to European market. United Power is based in Sweden.

DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 El-Björn International AB

Anderstorp, Sweden

El-Björn International AB is a provider of temporary installations for power distribution, climate control, and lighting to the European market. El-Björn International was founded in 1954 and is based in Anderstorp, Sweden.

Buy -

Seller(S) 1

SELLER

Connecting Capital

Investor Investor Investor Investor

Category Family Office
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Connecting Capital is a Swedish private investment firm focused on acquiring companies operating in basic industries. The Firm was formed in 2008 and is headquartered in Stockholm.

DEAL STATS #
Overall 3 of 4
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 El-Björn International AB

Anderstorp, Sweden

El-Björn International AB is a provider of temporary installations for power distribution, climate control, and lighting to the European market. El-Björn International was founded in 1954 and is based in Anderstorp, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Fasadgruppen

Stockholm, Sweden

Fasadgruppen is a provider of facade and exterior building services comprising repair, reconstruction, and additions as well as roofs, windows, and balconies. Fasadgruppen was founded in 1963 and is based in Stockholm, Sweden.

Sell -
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